Practicing Success
Practicing Success
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| If a person doesn't have any income, what will be her course of action? a) No consumption b) Dissavings c) Borrowing |
a, b and c a and b b and c c and a |
| b and c |
| A person will dissave or borrow to maintain autonomous level of consumption. Autonomous consumption is that consumption which pertains even at 0 level of income. |
