Which of the Following Statements Is False

question 97

Multiple Choice

Which of the following statements is false?

• A)The assumption that income is the only influence on consumption is a simplifying assumption.
• B)Assuming consumption spending responds to income will improve a forecast.
• C)The assumption that only consumption spending responds to income is a simplifying assumption.
• D)Consumption responds to changes in other factors besides income.
• E)The assumption that investment and net exports do not respond to changes in income is based on evidence from the U.S.economy.

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Definitions:

Electronic Tendering

The process of conducting the tendering (or bidding) process online, including submission and review of bids, primarily to increase efficiency and reduce costs.

Suppliers

Entities or individuals that provide goods or services to other businesses or consumers, often playing a critical role in supply chains.

Virtual

Something that is not physically existing as such but made by software to appear to do so.

iTunes

A media player, media library, Internet radio broadcaster, and mobile device management application developed by Apple Inc.