Consumption spending that is independent of the level of ...

[dollx]

Consumption spending that is independent of the level of disposable income is known as:
 a. marginal consumption.
  b. transitory consumption.
  c. permanent consumption.
  d. relative consumption.
  e. autonomous consumption.

Question 2

Rational voter ignorance occurs because the marginal cost of obtaining information is higher than the marginal benefit from obtaining the information.
 a. True
  b. False
  Indicate whether the statement is true or false

[ryhom]

Answer to Question 1

e

Answer to Question 2

True