A Budget Line Is a Straight Line Designed to Show

question 147

Multiple Choice

A budget line is a straight line designed to show

• A)how income is related to hours worked.
• B)all combinations of two goods that can be purchased with a given income.
• C)the way a homemaker should divide money among several commodities.
• D)that if more money is spent on one good, the breadwinner must work all the harder to maintain a satisfactory level of living.
• E)preferences for goods and services.

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Definitions:

Desirable

Having qualities that are pleasing or sought after by others; often refers to attributes that make something or someone attractive or enviable.

Parental Double Standard

The differing expectations or rules parents set for their children, often based on gender.

Communal Relationship

A type of relationship where partners emphasize mutual responsiveness to each other's needs.

Exchange Relationship

A type of interaction in social and professional contexts based on reciprocal giving and receiving.