If the Consumption Function Is Given by C = 500

question 79

Multiple Choice

If the consumption function is given by C = 500 + 0.5(Y - T) , and Y is 6,000 and T is given by T = 200 + 0.2Y, then C equals:

• A) 2,500.
• B) 2,800.
• C) 3,500.
• D) 4,200.

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Definitions:

Protestant Ethic

A concept proposed by sociologist Max Weber, suggesting that Protestant religious values, especially those of Calvinism, contributed to the development and growth of capitalism.

Max Weber's Analysis

The examination and interpretation of society and social relationships based on the theories and methodologies developed by the sociologist Max Weber.

Routinization of Charisma

The process by which charismatic authority is institutionalized and embedded within the structures of an organization or society.

Weber's Term

Refers to concepts or terminologies introduced by sociologist Max Weber, such as “bureaucracy,” “social action,” or “Charismatic authority.”