A Budget Constraint

question 209

Multiple Choice

A budget constraint

• A)represents the bundles of consumption that make a consumer equally happy.
• B)refers to the limited amount of income available to consumers to spend on goods and services.
• C)reflects the desire by consumers to increase their income.
• D)shows the prices that a consumer chooses to pay for products he consumes.

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Definitions:

Compressed File

A file that has been reduced in size through compression algorithms, facilitating easier storage and transfer.

Data File

A digital file that stores data to be used by a computer application or system.

QuickBooks

Accounting software that provides tools for managing invoices, expenses, employees, and reports for small to medium businesses.

Transactions

Financial events that result in changes to the accounts of a business.