An Increase in Non-Labor Income While Holding the Wage Rate

question 29

Multiple Choice

An increase in non-labor income while holding the wage rate constant

• A)rotates the budget line out along the consumption axis.
• B)rotates the budget line out along the leisure axis.
• C)rotates the budget line in along the leisure axis.
• D)rotates the budget line in along the consumption axis.
• E)shifts the budget line up (in the direction of the consumption axis) while maintaining the same slope.

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Definitions:

Gross Primary Productivity

The total amount of solar energy that photosynthetic organisms capture and convert to organic compounds in a given area over a certain period.

Nitrogen Cycle

The worldwide circulation of nitrogen from the abiotic environment into living things and back into the abiotic environment.

Carbon Cycle

The worldwide circulation of carbon from the abiotic environment into living things and back into the abiotic environment.

Photosynthetic Organisms

Organisms capable of photosynthesis, a process that converts light energy into chemical energy, typically involving the production of oxygen from carbon dioxide.