A Budget Constraint Shows

question 91

Multiple Choice

A budget constraint shows

• A) all of the combinations of sets of goods that yield the same level of satisfaction.
• B) all of the possible combinations of goods that can be purchased with a specific budget.
• C) all of the goods the consumer gets positive marginal utility from when the goods are consumed.
• D) all of the goods that a consumer substitutes for other goods when prices fall.

---

Definitions:

Experimental Design

The plan for a research study that includes the method for allocating participants to groups and the procedures for measuring the variables of interest.

Stimulus

An external factor or event that provokes a response or reaction, typically in a biological, psychological, or social context.

Memory Recall

The mental process of retrieval of information from the past.

Experimental Design

The process of planning a study to meet specified objectives and ensure that the results are statistically significant and replicable.