If the Budget Constraint Is Given by M = P₁Y₁

question 46

Multiple Choice

If the budget constraint is given by M = P₁Y₁ + P₂Y₂ then:

• A) there is borrowing but no saving
• B) there is saving but no borrowing
• C) there is borrowing and saving
• D) there is neither borrowing nor saving

---

Definitions:

Personality Traits

Enduring characteristics or behaviors that define an individual's patterns of thought, feeling, and behavior.

Monogenetically

Referring to a genetic condition or trait that is determined by a single gene.

Twin Studies

involve research on identical and fraternal twins to evaluate the relative contributions of genetics and environment to physical and psychological traits.

Minnesota Multiphasic Personality Inventory

A comprehensive psychological test that assesses personality traits and psychopathology.