Autonomous Consumption

question 421

Multiple Choice

Autonomous consumption

• A) is measured by the slope of the consumption function.
• B) is the reciprocal of consumption.
• C) is equal to the minimum savings.
• D) is measured by the intercept of the consumption function and the Y-axis.

---

Definitions:

Global Marketing Environment

The external factors in international markets that affect marketing strategies, including economic, cultural, legal, and technological factors.

Global Scale

Refers to the extent or level at which a process, activity, or phenomenon is studied or applied across the entire world.

U.S. Exports

Goods or services produced in the United States and sold to customers in other countries.

European Union

A political and economic union of 27 member countries that are located primarily in Europe, with policies aiming to ensure free movement of people, goods, services, and capital.