What Does It Mean When a Budget Constraint Shifts Outward

question 86

Multiple Choice

What does it mean when a budget constraint shifts outward

• A)The outward shift could only have been caused by an increase in income.
• B)The budget constraint would move closer to the origin.
• C)The outward shift could only have been caused by an increase in the price of one of the goods.
• D)The consumer can reach a higher indifference curve.

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Definitions:

New Technology

Innovative or recently developed technological tools, systems, or methods.

Part-Time Work

Employment with fewer hours per week than a full-time position, allowing for flexibility or other commitments.

Involuntary Workers

Individuals who are employed against their will, often under threat of punishment or within coercive environments.

Suitable Full-Time Work

Employment that aligns with an individual’s skills, availability, and offers adequate compensation and working conditions.