Author Question: The above figure shows the relationship between the Joneses' total consumption and total household ... (Read 31 times)

kwoodring · **on:** Jun 29, 2018

The above figure shows the relationship between the Joneses' total consumption and total household income. The figure illustrates that the Joneses' total consumption varies

A) directly with their total household income.
B) independently of their total household income.
C) inversely with their total household income.
D) negatively with their income.

Question 2

Bill is working as the only employee at a local store. The relation between Bill and the owner of the store is such that Bill is ________ and the owner is ________.

A) the agent; the principal
B) both principal and agent; neither a principal nor an agent
C) neither a principal nor an agent; both principal and agent
D) the principal; the agent