A Budget Constraint

question 209

Multiple Choice

A budget constraint

• A)represents the bundles of consumption that make a consumer equally happy.
• B)refers to the limited amount of income available to consumers to spend on goods and services.
• C)reflects the desire by consumers to increase their income.
• D)shows the prices that a consumer chooses to pay for products he consumes.

---

Definitions:

Functionalist Perspective

A sociological approach that emphasizes the interdependence of society's components and their contribution to societal stability and equilibrium.

Conflict Perspective

A sociological approach that views human society as an arena of inequalities that breeds conflict and social change, emphasizing the role of power differentials in producing social order.

Attribution Theory

A framework used to understand how individuals infer the causes of others' behavior, whether it's attributed to internal dispositions or external situations.

Out-group

A social group toward which an individual feels contempt, opposition, or a sense of competition, contrasting with in-groups to which they feel loyalty.