(Figure: Budget Constraint) Refer to the Figure

question 229

Multiple Choice

(Figure: Budget Constraint) Refer to the figure. The slope ofthe budget constraint in the figure above is equal to:

• A)the price of sneakers divided by the price of flip- flops.
• B)the price of flip-flops divided by the price of gas.(True Answer )Correct
• C)the quantity of flip-flops divided by the quantity of sneakers.
• D)the quantity of sneakers divided by the quantity of flip- flops.

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Definitions:

Personal

Relating to or affecting a particular person rather than anyone else; individual or private.

Maslow Hierarchy

Maslow's Hierarchy is a psychological theory proposed by Abraham Maslow that categorizes human needs into a five-tier model, from basic physiological needs to self-actualization.

Self-actualization Needs

The highest level in Maslow's hierarchy of needs, representing the realization of one's potential, self-fulfillment, seeking personal growth and peak experiences.