Budget Constraints Exist for Consumers Because

question 526

Multiple Choice

Budget constraints exist for consumers because

• A)their utility from consuming goods eventually reaches a maximum level.
• B)even with unlimited incomes they have to pay for each good they consume.
• C)they have to pay for goods, and they have limited incomes.
• D)prices and incomes are inversely related.

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Definitions:

Reconstruction Years

The period after the Civil War, from 1865 to 1877, during which the United States worked to rebuild and integrate the Southern states.

1920s

A decade of economic prosperity and cultural dynamism in the Western world, particularly in the United States, known for the Jazz Age, the Harlem Renaissance, and significant social changes.

New

A term that denotes something recently created, discovered, or encountered.

Charles Lindbergh

An American aviator who made the first solo nonstop flight across the Atlantic Ocean in 1927, becoming an international hero.