Which of the Following Is Characterized by Having Scattered Trees

question 42

Multiple Choice

Which of the following is characterized by having scattered trees and shrubs in a grassland setting?

• A)Temperate mixed forest.
• B)Temperate deciduous forest.
• C)Deciduous tropical forest.
• D)Mediterranean scrub.
• E)Savanna.

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Definitions:

Autonomous Consumption

The level of consumption spending that occurs when income is zero, reflecting expenditures that consumers must make even when they have no income.

Permanent Income Hypothesis

Formulated by Milton Friedman, it states that the strongest influence on consumption is one’s estimated lifetime income.

Paradox of Thrift

An economic theory suggesting that while saving is beneficial to an individual, increased savings by the entire population can lead to a decrease in aggregate demand, ultimately reducing savings at a macroeconomic level.

Theory of the Leisure Class

A socio-economic theory presented by Thorstein Veblen, which critiques consumerism and status-driven consumption, emphasizing the social uses of wealth and leisure to display status rather than for utility.