Which of the Following Statements Is True? (I) Consumers Cannot

question 136

Multiple Choice

Which of the following statements is true? (i) consumers cannot consume at points outside their budget constraint
(ii) optimising consumers spend half of their income on each of two goods
(iii) consumers can consume at points inside their budget constraint

• A) (i) only
• B) (i) and (ii)
• C) (i) and (iii)
• D) (ii) and (iii)

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Republican Supporters

Individuals or groups that endorse the Republican Party, its candidates, or its principles, typically in the context of U.S. politics.

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An interval of brief economic contraction characterized by diminished trade and industrial output, usually noted by a decline in GDP for two successive quarters.

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The status of being a member of a labor union, which is an organization that represents workers' interests, such as wages and working conditions.