All of the Following Are True About the Conditions Surrounding

question 34

Multiple Choice

All of the following are true about the conditions surrounding the founding of Israel except

• A) the United States recognized the state of Israel.
• B) the Soviet Union recognized the state of Israel.
• C) most Arab nations considered the new state the result of Zionist invaders.
• D) its Arab neighbors immediately granted diplomatic recognition.

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Definitions:

Disposable Income

The amount of income left for an individual or household after paying all taxes, available for spending, saving, or investing.

Autonomous Consumption

The level of consumption that occurs when income is zero, showing the basic level of consumption necessary for survival.

Permanent Income Hypothesis

A theory suggesting that people's consumption decisions are based on their long-term income expectations rather than their current disposable income.

Negative Savings

A situation where spending exceeds income, resulting in a deficit rather than savings.