If Income Rises, the Budget Constraint

question 163

Multiple Choice

If income rises, the budget constraint

• A)moves inward toward the origin.
• B)moves outward away from the origin.
• C)does not move.
• D)moves farther down the vertical axis.

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Definitions:

High

This term is relative and could refer to a level of voltage, resistance, frequency, etc., that is above what is considered normal or average.

Low

Typically refers to a state or condition of minimal magnitude or intensity, such as low voltage or low frequency.

Start Winding

A winding in a motor that is used during the start-up phase to create an initial rotating magnetic field.

Split-phase Motor

A type of single-phase induction motor that uses two windings, a start and run winding, to create a phase shift for starting torque.