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:

Housing Costs

The expenses associated with renting or owning a home, including rent, mortgage payments, taxes, and maintenance.

Black and Latino Families

Family units identified by their African American or Latino heritage, each with distinct cultural, social, and historical experiences in the United States.

Ghettoization

The process of confining a particular group, typically a minority group, to certain areas of a city or town, often associated with social, legal, or economic pressure.

Massey and Denton

Sociologists known for their influential work on race and housing in the United States, particularly their study on American apartheid and the residential segregation of blacks.