The Rational Spending Rule Is Derived from the Consumer's Efforts

question 59

Multiple Choice

The rational spending rule is derived from the consumer's efforts to

• A) maximize expenditure.
• B) maximize utility.
• C) minimize expenditure.
• D) obtain the lowest possible price.
• E) maximize the number of units purchased.

---

Definitions:

Osama Bin Laden

The founder of al-Qaeda, a jihadist organization responsible for numerous terrorist attacks, including the September 11, 2001 attacks on the United States.

Gulf War

A conflict that took place in 1990-1991, triggered by Iraq's invasion of Kuwait, leading to a military campaign by coalition forces led by the United States to expel Iraqi troops from Kuwait.

Supreme Court

The highest federal court in the United States, with ultimate judicial authority to interpret and decide upon the constitutionality of laws.

Presidential Race

The competition among candidates to be elected as President of a country.