Which of the Following Is Not Correct

question 246

Multiple Choice

Which of the following is not correct?

• A)An increase in income shifts a consumer's budget constraint outward.
• B)An increase in the price of good X causes a consumer's budget constraint to rotate inward along the X axis.
• C)A decrease in the price of good Y causes a consumer's budget constraint to rotate outward along the Y axis.
• D)Changes in income affect the slope of the budget constraint as well as its location on a graph.

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Definitions:

Fluid Intelligence

The aspect of intelligence involving the ability to reason quickly and to think abstractly, often considered independent of learning, experience, and education.

Crystallized Intelligence

The ability to use learned knowledge and experience in problem-solving; it typically increases with age.

Abstractly

Thinking in a way that is not concrete or specific, but involves concepts and ideas without physical reference.

Age

A measure of the time an individual or object has existed, often expressed in years.