Which of the Following Statements Is Correct

question 60

Multiple Choice

Which of the following statements is correct?

• A) A budget line changes ONLY IF the person's budget changes.
• B) Rich consumers are unaffected by prices.
• C) Consumers have the ability to buy everything they desire.
• D) A consumer's budget line shows the limits to what a consumer can buy.
• E) A consumer's budget line shows the goods with the highest marginal utilities.

---

Definitions:

Absentee Member

A member of a group who is frequently absent from group meetings or activities, often contributing to decreased group effectiveness.

Forming Stage

The initial phase in team development where members meet, form initial impressions, and begin to establish team norms and roles.

Common Goal

An objective that is shared by multiple individuals, groups, or organizations, fostering collaboration and teamwork.

Yield Good Results

To produce positive outcomes or benefits.