-Refer to the Above Figure

question 107

Multiple Choice

-Refer to the above figure. The figure represents the consumption function for a consumer. The distance between C and D represents

• A) the amount of autonomous consumption.
• B) the amount of saving.
• C) the amount of dissaving.
• D) the point where saving equals zero.

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Definitions:

Draft

An order or bill of exchange instructing the payment of a specified sum of money from one party to another, often used in international trade.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Signature

A person’s handwritten or digital mark or stamp, used to signify agreement, approval, or identity.

Liability

Legal responsibility or obligation for actions, which can result in the requirement to compensate for harm or damages caused.