In Graph That Shows Disposable Income on the Horizontal Axis

question 90

Multiple Choice

In graph that shows disposable income on the horizontal axis and consumption on the vertical axis, at every point on the 45-degree line,

• A) the value of disposable income equals the sum of personal saving and consumption.
• B) the value of disposable income equals consumption.
• C) the value of disposable income equals personal saving.
• D) the value of disposable income and consumption equals 1.

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Definitions:

Skill-Based

Pertaining to or focusing on the acquisition and application of practical competencies and proficiencies.

Extrinsic Rewards

Benefits provided by an employer or an external environment that motivate individuals, such as money, promotions, and praise.

Equitable

Fair or impartial treatment, ensuring equality and fairness within procedures, processes, or distribution.

Individual Needs

The specific physical or psychological desires or necessities of a person that motivate behavior towards their fulfillment.