Question

Autonomous consumption is: Group of answer choices that portion of total consumption that is dependent upon the level of income. that portion of total consumption that is independent of the level of income. the steady increase in the consumption of goods and services that automatically occurs as a person grows from a child to an adult. the change in consumption that results as a person's (or nation's) income increases or decreases.

Answer 1

here are all of the answers to this quick check although I got a 3/5 I can see the answers for it

Step-by-step explanation:

1.An investor sells a bond on the secondary market below the price she paid for it.

2. stock market.

3.A low interest rate encourages people to borrow because interest rates are paid to savers by borrowers, so a low interest rate means a low opportunity cost for borrowing. This IS generally confused for the other option like this SAVING anyways.

4. Autonomous consumption is the amount that a person must spend on basic needs (such as food and housing) regardless of his or her income. I had a tough time with this because others have honors econ and I don't.

5. $40,000 I got this one confused because the LOAN was the principal of loan not the $15,000 interest raise. hope this helps :)

Answer 2

The correct answer is That portion of total consumption that is independent of the level of income.

Step-by-step explanation:

Autonomous consumption refers to the goods and/or services that a person needs to purchase, even when he has no disposable income. This expenditure is independent of the level of income because, even if a person has no income at all, he still needs to pay for certain goods to survive, such as food or health services.