Which of the Following Statements Is Correct

question 193

Multiple Choice

Which of the following statements is correct?

• A) The slope of the budget line shows the opportunity cost of the good measured along the x-axis.
• B) Along the budget line, consuming more of one good implies consuming more of the other.
• C) The slope of the budget line shows there is no tradeoff between the two goods because the consumer can buy each of them.
• D) If the consumer's budget increases, the budget line shifts leftward and its slope does not change.
• E) None of the above answers is correct.

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Definitions:

Rate of Flow

The velocity at which a fluid (liquid or gas) moves through a channel, pipe, or porous medium.

Channel

A natural or artificial waterway through which water flows.

Hydrograph

A graph showing the rate of flow (discharge) versus time past a specific point in a river, or other channel or conduit carrying flow.

Summer Thunderstorm

A weather phenomenon characterized by heavy rainfall, lightning, thunder, and occasionally hail, frequently occurring in the summer.