Answer:
The correct answer is C) Consumption function shifts up
Explanation:
The consumption function is C = a + b x Yd
where:
- C = Total consumption
- a = autonomous consumption
- b x Yd = induced consumption
Autonomous consumption is consumption that does not depend on income. Even if your income is zero, you still have to engage in this type of consumption to survive (for example, food).
When you graph a consumption function, the Y axis represents total consumption and the X axis represents income. Autonomous consumption is located somewhere along the Y axis, with the X being zero. If Autonomous consumption increases, the point in the Y axis will move up, but the point in the x axis will still be zero, hence, the function will shift up.
Your reading above gets my article completely backwards. The research shows that women who work outside the home have LOWER rates of depression than those who do not, even when we control for other factors, like pre-existing health problems that might make some women less likely to work. Someone needs a better fact checker or copy-editor!
Iron ore. It is used to create steel, and of the top three iron ore companies in the world two are in Australia.
Answer:
For more convenient transportation
Answer:
Colonialism
Explanation:
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