If Income Rises, the Budget Constraint

question 163

Multiple Choice

If income rises, the budget constraint

• A)moves inward toward the origin.
• B)moves outward away from the origin.
• C)does not move.
• D)moves farther down the vertical axis.

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Definitions:

Demurrer

A motion for dismissal of a case on the grounds that a plaintiff has failed to state a claim for which relief can be granted.

Affirmative Defense

A set of circumstances that indicates that a defendant should not be held liable, even if the plaintiff proves all of the facts in a complaint.

Assumption of the Risk

A legal doctrine where an individual knowingly and voluntarily assumes the risk of an activity, thereby reducing the liability of others.

Demurrer

A legal objection that an opponent's point is irrelevant or invalid, while conceding the factual basis of the point.