Autonomous Consumption Is the Level of Consumption That Is

question 191

Multiple Choice

Autonomous consumption is the level of consumption that is

• A) consistent with the average standard of living.
• B) observed at the poverty line.
• C) independent of real income.
• D) available to someone earning the minimum wage.

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Definitions:

Tibia

A large bone located in the lower leg, commonly known as the shinbone.

Patella

The knee cap; a small, round bone that sits in front of the knee joint, helping to protect it and enhance leverage for leg muscles.

Ischium

One of the three bones that make up the pelvis, helping to form the hip joint and bear the weight of the body in the sitting position.

Perfectly Inelastic

Describes a situation in which the quantity demanded or supplied does not change in response to a change in price.