Which of the Following Would Lead to an Upward Shift

question 142

Multiple Choice

Which of the following would lead to an upward shift of the consumption-income line?

• A) A decrease in income
• B) A decrease in population
• C) An increase in income
• D) An increase in wealth
• E) An increase in the interest rate

---

Definitions:

Tariffs

Taxes imposed on imported goods, typically used to protect domestic industries and raise government revenue.

Tariffs

Taxes imposed by a government on imported goods and services, often used to protect domestic industries from foreign competition or to generate revenue.

Sweden

A Scandinavian country in Northern Europe, known for its advanced welfare system, high standard of living, and innovative technology.

Absolute Advantage

The capacity of an entity to generate a higher volume of a certain good, product, or service compared to its rivals, while employing the same quantity of resources.