If your planned consumption expenditure is $600 per month and your disposable income is $500 per month, your
A) induced consumption is $600.
B) saving is $100 per month.
C) dissaving is $100 per month.
D) autonomous consumption is -$100 per month.
E) autonomous consumption must be zero per month.
C
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In game theory, a strategy that is optimal no matter what your opponent does is called a dominant strategy
a. True b. False Indicate whether the statement is true or false
Longitudinal data on income inequality in the United States indicates that: a. children of poor families stay poor, but children of rich families do not always stay rich
b. children of poor families often escape poverty, but rich families invariably retain their wealth over time. c. there is substantial movement among income groupings in the United States. d. the rich are getting richer and the poor are getting poorer.