In the above table, the level of autonomous consumption is
A) $9,000. B) $0. C) $5,000. D) $1,000.
D
Economics
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Progressive Insurance's 'Tripsense' monitors driving patterns of the people who purchase the related insurance policy. This lowers insurance costs because
a. only less reckless drivers will accept the device b. only more reckless drivers will accept the device c. drivers will believe they can now drive more recklessly d. it does not affect care in driving
Economics
The regular pattern of income variation over a person's life is called the
a. earned income cycle. b. substitution effect. c. life cycle. d. pattern of change.
Economics