The Diagram Below Shows a Set of Budget Lines Facing

question 3

Multiple Choice

The diagram below shows a set of budget lines facing a household. FIGURE 6-8
-Refer to Figure 6-8.The movement of the budget line from ab to db could be caused by

• A)a decrease in money income.
• B)an increase in the price of housing.
• C)a decrease in the price of housing.
• D)an increase in the price of food.
• E)a decrease in the price of food.

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Definitions:

Training Budget

The allocation of financial resources dedicated to training and development activities within an organization.

Profit-Sharing

A compensation strategy where employees receive a portion of the company's profits in addition to their regular salary, linking their earnings to the company’s performance.

Flexible Benefit Plans

Employee benefit programs that allow workers to choose from a variety of pre-tax benefits, customized to their personal needs.

Skill-Based Pay

A compensation system where employees are paid based on the skills and qualifications they bring to their job, rather than just their job title or position.