How is it possible for consumption expenditure to be positive even when disposable income is zero?
What will be an ideal response?
Consumption expenditure can be positive when disposable income is zero because people can "dissave," that is, they can use their past saving to finance current consumption expenditure. Dissaving cannot occur indefinitely because eventually people's savings will be dissipated.
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minimum average total cost. A) equal to; higher than; lower than B) equal to; lower than; higher than C) higher than; equal to; lower than D) lower than; equal to; higher than
Multinational companies are concerned about exchange rate risk
Indicate whether the statement is true or false