Money Management Quick Check

Question

3 of 53 of 5 Items
Question
Define autonomous consumption.(1 point)
Responses

Autonomous consumption is the amount that a person spends on other people and does not include any expenses that are spent solely for oneself, such as food or luxury items.
Autonomous consumption is the amount that a person spends on other people and does not include any expenses that are spent solely for oneself, such as food or luxury items.

Autonomous consumption is the amount that a person chooses to spend over the costs of his or her basic needs, such as food and housing.
Autonomous consumption is the amount that a person chooses to spend over the costs of his or her basic needs, such as food and housing.

Autonomous consumption is the amount that a person must spend on basic needs (such as food and housing) regardless of his or her income.
Autonomous consumption is the amount that a person must spend on basic needs (such as food and housing) regardless of his or her income.

Autonomous consumption is the amount that a person spends on himself or herself and does not include any shared expenses, such as the cost of housing if other people also live in the dwelling.

Answer 1

Autonomous consumption is the amount that a person spends on himself or herself and does not include any shared expenses, such as the cost of housing if other people also live in the dwelling.