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June 26, 2022 

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PERSONALITY: A consistent pattern of behavior in certain situations. These behavioral tendencies are influenced by both hereditary and environmental factors resulting in individual characteristics. Marketing researchers look for certain personality characteristics that affect patterns of consumer buying behavior.

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AUTONOMOUS NET EXPORTS: Net exports by the foreign sector that do not depend on income or production (especially national income or gross domestic product). That is, changes in income do not generate changes in net exports. Autonomous net exports are best thought of as net exports that the foreign sector undertakes independent of income. They are measured by the intercept term of the net exports line. The alternative to autonomous net exports is induced net exports, which do depend on income.

     See also | induced net exports | net exports line | marginal propensity to import | autonomous government purchases | intercept, net exports line | slope, net exports line | injections | leakages | induced expenditures | Keynesian economics | circular flow | aggregate expenditures | net exports | exports | imports | net exports of goods and services | macroeconomics | foreign sector | national income | gross domestic product | business cycles | determinants | aggregate expenditures | aggregate expenditures line | net exports determinants | Keynesian model | Keynesian equilibrium | injections-leakages model | aggregate demand | paradox of thrift | fiscal policy | multiplier |


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AUTONOMOUS NET EXPORTS, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2022. [Accessed: June 26, 2022].


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AVERAGE FACTOR COST, PERFECT COMPETITION

Total factor cost per unit of factor input employed by a perfectly competitive firm in the production of output, found by dividing total factor cost by the quantity of factor input. Average factor cost, abbreviated AFC, is generally equal to the factor price. However, using the longer term average factor cost makes it easier to see the connection to related terms, including total factor cost and marginal factor cost.

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Today, you are likely to spend a great deal of time at a garage sale seeking to buy either a New York Yankees baseball cap or a solid oak entertainment center. Be on the lookout for door-to-door salesmen.
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The earliest known use of paper currency was about 1270 in China during the rule of Kubla Khan.
"You can't use up creativity. The more you use, the more you have. "

-- Maya Angelou, poet

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