A Rightward Shift in the Intertemporal Budget Line Would Be

question 64

Multiple Choice

A rightward shift in the intertemporal budget line would be caused by ________.

• A)an increase in future income and wealth
• B)an increase in future income and a decrease in wealth
• C)a decrease in future income and an increase in wealth
• D)a decrease in future income and wealth

---

Definitions:

Pay for Knowledge

A compensation strategy where employees are paid based on the skills, knowledge, and abilities they bring to their job, rather than solely on their job title or position.

Broad Banding

An approach to salary structures that consolidates many pay grades into fewer broad bands to provide more flexibility in employee compensation.

Base Pay

The initial salary paid to an employee, not including benefits, bonuses, or other potential compensation.

Performance Pay

Compensation tied directly to an employee's performance or achievements, often used as an incentive to motivate higher productivity.