What Is Meant by the Term Induced Consumption

question 59

Multiple Choice

What is meant by the term induced consumption?

• A)It is the portion of consumer spending that is unrelated to income levels.
• B)It is the necessary amount of spending that consumers must undertake.
• C)It is the portion of income which is not saved.
• D)It is the portion of consumer spending which is dependent on the level of income.

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Definitions:

Stressor

Any event, situation, or stimulus that causes stress.

Primary Appraisal

The initial evaluation process where an individual assesses the significance of a stressor to determine its potential threat.

Distress-eustress Dichotomy

A concept distinguishing between detrimental stress (distress) and beneficial stress (eustress) in terms of their effects on an individual’s health and well-being.

Primary Appraisal

The initial evaluation of a situation to determine its potential impact as stressful, positive, or irrelevant.