An In-Kind Gift Causes the Budget Line To

question 41

Multiple Choice

An in-kind gift causes the budget line to:

• A) shift to the right in a parallel fashion.
• B) shift to the left in a parallel fashion.
• C) rotate counterclockwise.
• D) None of the statements is correct.

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Definitions:

Lease Agreement

A contract outlining the terms under which one party agrees to rent property owned by another party.

Novation

The substitution, by mutual agreement, of another party for one of the original parties to a contract.

Liability

The state of being legally responsible for something, particularly in terms of debts or legal obligations.