Which of the Following Statements Is Not Correct

question 262

Multiple Choice

Which of the following statements is not correct?

• A)A reduction in money income will shift the budget line to the right.
• B)A reduction in money income accompanied by an increase in product prices will necessarily shift the budget line to the left.
• C)An increase in product prices will shift the budget line to the left.
• D)An increase in money income will shift the budget line to the right.

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Definitions:

Standpoint

A perspective or point of view arising from personal experiences, social position, or cultural background.

Circumstance

The conditions or facts affecting an event or situation, often beyond one's control.

Social Identity Model

A theoretical framework that explains how individuals form and maintain their social identity through group affiliation and categorization.

Implicit Personality Theory

The assumptions people make about how different types of personalities and traits are related and how they affect behavior and beliefs.