A Consumer That Doesn't Spend All of Her Income

question 166

Multiple Choice

A consumer that doesn't spend all of her income

• A)would be at a point outside of her budget constraint.
• B)would be at a point inside her budget constraint.
• C)must not be consuming positive quantities of all goods.
• D)must be consuming at a point where her budget constraint touches one of the axes.

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Definitions:

Chicago

A major city in the United States, known for its significant contributions to art, culture, and economy as well as its diverse population.

Railroads

Transportation systems using tracks and trains to convey passengers and freight over long and short distances.

Eastern Marketplaces

Economic regions or bazaars located in the eastern part of a country or region, especially significant in historical trade routes, known for the exchange of goods, services, and cultural practices.

Cotton Plantations

Agricultural estates dedicated to the mass production of cotton, a key crop in the economy of the American South before the Civil War.