In a Graph of the Relationship Between Income and Saving

question 179

Multiple Choice

In a graph of the relationship between income and saving, economists generally consider

• A) income to be the independent variable and place it on the vertical axis.
• B) income to be the dependent variable and place it on the horizontal axis.
• C) saving to be the dependent variable and place it on the vertical axis.
• D) saving to be the independent variable and place it on the vertical axis.

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Definitions:

Accommodation Strategy

A cognitive process described by Piaget, where individuals adjust their existing schemas or develop new ones to incorporate new information.

Assimilating

The process of absorbing new information into our previously existing schemas or understanding, especially noted in the context of learning and cognitive development.

Transitivity

In mathematics, a property indicating that if a relation holds between a and b, and b and c, then it also holds between a and c. In linguistics, it refers to a property of verbs that require both a subject and one or more objects.

Principle

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.