________ Consumption Is Consumption That Does Not Depend Upon the Level

question 18

Multiple Choice

________ consumption is consumption that does not depend upon the level of GDP.

• A)Autonomous
• B)Induced
• C)Voluntary
• D)Disposable

---

Definitions:

Apparent Authority

A situation where a reasonable third party would understand that an agent had authority to act, even if the agent did not have actual authority.

Tort

An act of wrongdoing or violation of a right that results in civil legal consequences.

Independent Contractor

An individual or business that provides goods or services to another entity under terms specified in a contract, not considered an employee for tax and legal purposes.

Liability

A financial obligation or responsibility, often legal in nature, that an entity or individual has to another.