If a Consumer Purchases Two Goods, Food (Measured Along the X-Axis)and

question 4

Multiple Choice

If a consumer purchases two goods, food (measured along the x-axis) and housing (measured along the axis) , then what happens to the slope of the consumer's budget constraint if the price of food falls?

• A) The new budget constraint shifts inward but is parallel to the original budget constraint.
• B) The new budget constraint pivots inward (towards the origin) along the \(x\) axis. The new slope is steeper than the original slope.
• C) The new budget constraint pivots inward (towards the origin) along the \(x\) axis. The new slope is flatter than the original slope.
• D) The new budget constraint pivots outward (away from the origin) along the \(x\) axis. The new slope is flatter than the original slope.

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Definitions:

Whistle-blowers

Individuals who expose wrongful, unethical, or illegal activities occurring within an organization to the public or to those in positions of authority.

Considerable Retaliation

A significant and often disproportionate response to an action or threat perceived as harmful or unjust.

Goal Challenge

The degree of difficulty and the effort required to achieve a specific objective or target, impacting motivation and performance.

Counterproductive Behaviour

Actions by employees that go against the legitimate interests of an organization, potentially harming its well-being or functioning.