Budget Constraints Exist for Consumers Because

question 57

Multiple Choice

Budget constraints exist for consumers because

• A)their utility from consuming goods eventually reaches a maximum level
• B)even with unlimited incomes,they have to pay for each good they consume
• C)they have to pay for goods and they have limited incomes
• D)prices and income are inversely related
• E)demand curves for goods generally slope downward

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Definitions:

Federal Infringement

Federal Infringement refers to actions by the federal government that overstep or violate constitutional rights or powers reserved to the states or individuals.

Assassinated

The act of killing a prominent or public figure, often for political reasons.

Assassination Plot

A plan or conspiracy to murder an important person, often a political leader or public figure, usually for ideological or political reasons.

Exiled Confederates

Refers to members of the Confederate States who fled the United States after the Civil War, often to countries such as Mexico or Brazil, to escape repercussions or continue their lives.