The Figure Given Below Shows the Consumption Function of a Household

question 26

Multiple Choice

The figure given below shows the consumption function of a household. Figure 9.2 In Figure 9.2, the line segment AD represents:

• A)autonomous consumption.
• B)the maximum amount of saving.
• C)negative consumption.
• D)zero consumption.
• E)autonomous income.

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Definitions:

Incorporated

The process of legally declaring a corporate entity as separate from its owners, providing legal protections and allowing for the raising of capital.

De Facto Corporation

A corporation that operates in all respects as a corporation despite not having completed the formalities required for legal recognition.

Ultra Vires

Actions or activities conducted by a corporation or its officers that lie beyond the powers granted by its charter or the laws.

Ultra Vires Contract

A contract that exceeds the powers granted to a corporation by its charter or bylaws.