The Slope of the Budget Constraint Is Determined by the

question 552

Multiple Choice

The slope of the budget constraint is determined by the

• A)relative price of the goods measured on the axes.
• B)relative price of the goods measured on the axes and the consumer's income.
• C)endowment of productive resources.
• D)preferences of the consumer.

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Definitions:

Lengthy Time

A period that is considered to be longer than usual or expected.

Logic Model

A systematic and visual way to present and share the perceived relationships among the resources, activities, outputs, and outcomes of a program or intervention.

Activities

Tasks, actions, or operations that are carried out as part of a process or to achieve an objective.

Outputs

Refers to the results or products generated by a system, process, or project.