Which Is True of the Two Budget Lines Drawn Below

question 24

Multiple Choice

Which is true of the two budget lines drawn below?

• A)Line a has a higher nominal income than line b.
• B)Line b and line a have the same nominal income.
• C)The absolute price of good Y is greater with budget line a than with budget line b.
• D)The price of good X is larger with budget line a.

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Definitions:

Pfeffer

Likely referring to Jeffrey Pfeffer, a notable business theorist known for his work on organization theory and human resource management.

Job Security

The likelihood that an individual will keep their job without the risk of becoming unemployed.

Corporate Culture

The shared values, beliefs, attitudes, and practices that characterize an organization, influencing its people and the way they work.

Herb Kelleher

Co-founder of Southwest Airlines known for his innovative management style and emphasis on corporate culture and employee satisfaction.