If Consumption Is $340 and Saving Is $20,then Disposable Income

question 101

Multiple Choice

If consumption is $340 and saving is $20,then disposable income

• A)Is $340.
• B)Is $360.
• C)Is $320.
• D)Cannot be determined from the information given.

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Definitions:

Arbitrary

Refers to decisions or actions not based on system or rules but rather on personal discretion or random choice.

Context Bound

Referring to communication or behavior that is heavily influenced by its surrounding circumstances, environment, or cultural setting.

Concrete

Pertaining to material objects, physical construction, or specific, tangible ideas as opposed to abstract concepts.

Symbolic Interaction Theory

Theory that people make sense of the world based on their interpretation of words or symbols used by others.