Identify the Statement That Is False

question 53

Multiple Choice

Identify the statement that is false.

• A) An increase in the amount of income changes the intercepts of the budget constraint but not the slope.
• B) An increase in the price of good changes both the -intercept and the slope of the budget constraint.
• C) An increase in the price of good and an equal percentage increase in the price of good changes the -intercept, the -intercept, and the slope of the budget constraint.
• D) An increase in the price of good and an increase in the price of good may or may not change the slope of the budget constraint.

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Definitions:

Self-Actualized

The realization or fulfillment of one's talents and potentialities, considered as a drive inherent in everyone, often associated with Maslow's hierarchy of needs.

Physiological Needs

Basic physical requirements for human survival, such as air, water, food, shelter, and sleep, which are considered the foundation of Maslow's hierarchy of needs.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which outlines a hierarchy of needs culminating in self-actualization.

D-Motivation

A concept related to motivation driven by deficiency needs, such as physiological and safety needs, as opposed to growth or being needs.