The Following Figure Shows the Budget Constraint of Lesley When

question 180

Multiple Choice

The following figure shows the budget constraint of Lesley when she is faced with two goods: burgers and icecream.

-Refer to the figure above.If Lesley's budget for burgers and ice creams is cut by half,Lesley's new budget constraint ________.

• A) will cross the vertical axis at 5, and will cross the horizontal axis at 3
• B) will start from the same point on the vertical axis, but will cross the horizontal axis at 3
• C) will start from the same point on the horizontal axis, but will cross the vertical axis at 5
• D) will cross the vertical axis at 20, and will cross the horizontal axis at 12

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Definitions:

NLRB

The National Labor Relations Board, a federal agency overseeing the enforcement of U.S. labor laws regarding collective bargaining and unfair labor practices.

Taft-Hartley Act

A federal law enacted in 1947 that prohibits certain union practices and requires disclosures by unions, intending to protect the rights of union members and management.

Fringe Benefits

Additional benefits offered to employees beyond their normal wages or salaries, such as health insurance, paid vacation, and retirement plans.

Boycotting Meetings

involves intentionally avoiding or abstaining from attending meetings as a form of protest or dissent.