Which of These Actions Will Occur to the Budget Constraint

question 45

Multiple Choice

Which of these actions will occur to the budget constraint when an individual's income increases?

• A)shifts outward
• B)shifts backward
• C)rotates clockwise
• D)cannot be determined from the information given

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Definitions:

Franchise

A business model that allows individuals to own and operate a branch of a larger company using its name, trademarks, and products.

Standards and Methods

Established procedures and guidelines designed to achieve consistency, reliability, and quality in executing tasks or manufacturing products.

Legal Person

An individual or organization that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.

Civil Legal Capacity

The ability of an individual to enter into legal agreements and contracts and to sue or be sued.