What Is Autonomous Spending

question 41

Multiple Choice

What is autonomous spending?

• A)The portion of total spending that is dependent of the level of income.
• B)The portion of total spending that is independent of the level of income.
• C)The level of spending which never varies.
• D)The portion of income that is dependent on the level of spending.

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Definitions:

Fixed Mindset

The belief that abilities, intelligence, and talents are fixed traits and cannot be significantly developed.

Growth Mindset

A belief that abilities and intelligence can be developed through dedication and hard work, embracing challenges, and seeing failure as a path to mastery.

Growth Mindset

The belief that abilities and intelligence can be developed through dedication, hard work, and persistence, as opposed to a fixed mindset that views them as static traits.

Fixed Mindset

The belief that one's abilities, intelligence, and talents are fixed traits and cannot be significantly developed.