Suppose the Consumption Function Is C = $500 + 0

question 70

Multiple Choice

Suppose the consumption function is C = $500 + 0.8Y. If Y = $1,000, then autonomous consumption is

• A) $500.
• B) $800.
• C) $1,000.
• D) $1,300.

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Definitions:

Low Self-esteem

A persistent feeling of inadequacy or lack of self-worth, reflecting a negative evaluation of oneself.

Kavadi

A physical burden used as a devotional sacrifice by followers of Hinduism during the festival of Thaipusam.

Prosocial Behavior

Voluntary actions intended to benefit or help others, such as sharing, comforting, rescuing, and cooperating, demonstrating altruism and empathy.

Outgroup Bias

A tendency to harbor more negative attitudes, stereotypes, or behaviors towards individuals who are not perceived as part of one's own group.