Which of the Following Statements Is True

question 51

Multiple Choice

Which of the following statements is true?

• A) When a change in income causes consumption to change,the consumption-income line shifts;however,when anything besides income changes,we move along the line.
• B) When a change in income causes consumption to change,we move along the consumption-income line;however,when anything besides income changes,the line shifts.
• C) When income or anything else affecting consumption changes,we move along the consumption-income line.
• D) When income or anything else affecting consumption changes,the consumption-income line shifts.
• E) There is no way to determine,without more information,whether a change in income or anything else will shift the consumption line or cause movement along the consumption-income line.

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Definitions:

Independent Contractors

Individuals or entities contracted to perform work for another entity as non-employees, responsible for their own tax obligations.

Employers

Individuals or organizations that hire and pay for the services of workers or employees.

Tasks

Specific pieces of work or activities to be completed, often as part of a larger project or duty.

Gratuitous Agent

An agent who acts on behalf of another person (the principal) without expecting or receiving any form of compensation.