Define "autonomous consumption spending."
What will be an ideal response?
Autonomous spending is consumer spending that does not depend on the level of income.
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Technology is defined as
A) new innovations and creations. B) the process of developing and revising models. C) the process of recycling products. D) the processes used to produce goods and services.
The national debt
a. will be zero when the federal budget is balanced. b. has been shrinking in the last 30 years. c. is equal to the government's budget deficit. d. can grow without negative economic effects. e. is a flow measure while the deficit is a stock measure.
Jane owns a pizza joint. In the month of February, she sold 310 medium-base pizzas and 207 large-base pizzas. She charges $9 for a medium-base pizza and $12 for a large-base pizza. The total revenue earned by Jane in February is: a. $5,210
b. $4,284. c. $5,274. d. $10,857.
Individual transferable quotas are limited in their effectiveness because:
A. they are only enforceable within 200 miles of a nation's shores. B. government, rather than the market, sets their price. C. they encourage wasteful spending by fishers in ITQ areas. D. they are not tradable.