Which of the Following Statements Is True

question 50

Multiple Choice

Which of the following statements is true?

• A) A budget constraint remains the same for a consumer at all levels of income.
• B) A budget constraint quantifies the trade-offs that economic agents face while making decisions.
• C) A budget constraint is a function of the income of the consumer and not of the prices of the goods and services available for consumption.
• D) A budget constraint is based on the minimum amount of money that an economic agent can spend on goods and services.

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Definitions:

Quid Pro Quo

A Latin phrase meaning "something for something," which refers to a mutually beneficial exchange or transaction.

Harassment

Unwanted conduct affecting the dignity of men and women in the workplace or social environment, often involving creating an intimidating, hostile, degrading, or offensive atmosphere.

Fondle

To touch or stroke gently and affectionately.

Self-esteem

An individual's subjective evaluation of their own worth or abilities; their overall sense of personal value.