When the Consumption Schedule Is Plotted on a Graph

question 31

Multiple Choice

When the consumption schedule is plotted on a graph,

• A) consumption is on the horizontal axis and saving is on the vertical axis.
• B) consumption is on the vertical axis and saving is on the horizontal axis.
• C) consumption is on the horizontal axis and disposable income is on the vertical axis.
• D) consumption is on the vertical axis and disposable income is on the horizontal axis.

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Definitions:

Technological Uncertainty

The unpredictability associated with the development and implementation of new technologies, affecting project outcomes and planning.

High Tech

Technologies that are at the cutting edge, the most advanced stage of development in the fields such as information technology, robotics, biotech, etc.

Low Tech

Technologies that are simple, easy to use and maintain, and often do not require advanced knowledge or training to operate.

Medium Tech

Describes technology or industries that sit between high tech and low tech in terms of complexity, innovation, and capital investment.