Which One of the Following Regarding to an Individual's Budget

question 21

Multiple Choice

Which one of the following regarding to an individual's budget constraint is correct?

• A) The slope of the budget constraint is determined by the reservation wage rate
• B) The slope of the budget constraint is higher for a full-time worker than for a part-time worker.
• C) The slope of the budget constraint is determined by the market wage rate.
• D) The level of non-labour income is higher for a part-time worker than for a full-time worker
• E) The level of non-labour income determines the intercept of the budget constraint.