If We Observe That Jamie's Budget Constraint Has Moved Outward

question 408

Multiple Choice

If we observe that Jamie's budget constraint has moved outward, then we know for certain that

• A)her income must have increased.
• B)she will be indifferent between goods X and Y.
• C)the price of one or both of the goods must have decreased.
• D)she can reach a higher indifference curve.

---

Definitions:

Rapidly Growing Populations

Refers to populations that increase in number at a rapid rate over a short period of time, often due to high birth rates and low mortality rates.

Type III Survivorship Curve

A graph showing a pattern where most individuals die young, with only a few surviving to advanced age, typical of many invertebrates and plants.

Sea Urchins

Marine invertebrates with spiny shells, belonging to the class Echinoidea.

Density-Dependent Factor

An ecological factor whose effects on a population vary according to the population density, such as disease or competition.