A Graphical Representation of the Limit of All Combinations of Goods

question 81

Multiple Choice

A graphical representation of the limit of all combinations of goods and services that a consumer can afford given her income and prices of the goods she wishes to buy is:

• A) a demand curve.
• B) a supply curve.
• C) an optimization constraint line.
• D) a budget constraint line.

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Definitions:

BFOQs

Bona Fide Occupational Qualifications - employment qualifications that employers are allowed to consider while making decisions about hiring and retention of employees.

Griggs v. Duke Power

A landmark U.S. Supreme Court case that established the principle of disparate impact in employment discrimination law, requiring employers to justify the necessity of job qualifications.

BFOQ Defense

Bona Fide Occupational Qualification Defense, a legal principle allowing discrimination in hiring if it is reasonably necessary to the normal operation of that particular business.

Prima Facie

A legal term indicating that upon initial examination, there is sufficient evidence to prove a case unless disproved by opposing evidence.