In Order to Draw Lucky's Budget Line,we Need to Know

question 33

Multiple Choice

In order to draw Lucky's budget line,we need to know

• A) only Lucky's budget.
• B) only the prices of the goods Lucky consumes.
• C) both Lucky's budget and the prices of the goods Lucky consumes.
• D) Lucky's budget, the prices of the goods lucky consumes, and the utilities of the goods Lucky does not consume.
• E) the utilities of the goods Lucky consumes.

---

Definitions:

Social Hierarchy

The organization of society into levels based on factors like wealth, occupation, or ancestry, where certain groups have more power and resources than others.

Control Trade

The regulation or governance of international trade by governmental or intergovernmental policies and laws to manage imports and exports.

American Cities

Urban areas within the United States characterized by significant populations, economic activities, cultural institutions, and political influence.

Western Migration

The movement of people to the western parts of the United States, especially noted during the 19th century expansion.