Figure 21-3 in Each Case, the Budget Constraint Moves from BC₁ to BC₁

question 109

Multiple Choice

Figure 21-3
In each case, the budget constraint moves from BC₁ to BC₂.
​
Graph (a)
Graph (b)
Graph (c)
Graph (d)
-Refer to Figure 21-3. Which of the graphs in the figure could reflect an increase in income?

• A)Graph (a)
• B)Graph (b)
• C)Graph (d)
• D)None of the graphs reflects an increase income.

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Definitions:

Permanent Settlements

Communities where people reside long-term, building infrastructure and developing societies in contrast to nomadic lifestyles.

Cultural Art

Art forms that express and reflect the cultural values, traditions, and histories of specific societies or communities.

Unemployment Insurance

A government program that provides temporary financial assistance to workers who have lost their jobs through no fault of their own.

Primary Sector

The part of the economy that is involved with the extraction of raw materials from the environment, such as agriculture, fishing, and mining.