The Point Where the Budget Line Intersects the Y-Axis Represents

question 34

Multiple Choice

The point where the budget line intersects the y-axis represents a combination of goods that contains

• A) some of both goods.
• B) only the good measured on the y-axis.
• C) only the good measured on the x-axis.
• D) no goods.
• E) the quantity of the good measured on the y-axis that has zero marginal utility.

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Definitions:

Separation Of Powers

Feature of the U.S. Constitution, sometimes called “checks and balances,” in which power is divided between executive, legislative, and judicial branches of the national government so that no one can dominate the other two and endanger citizens’ liberties.

United States Constitution

The supreme law of the United States of America, originally comprising seven articles, that outlines the national frame of government.

Government

The organization, or group of organizations, in a society that has the authority to make and enforce laws, policies, and decisions for its citizens.

Constitution

The supreme law of the United States of America, originally ratified in 1788, which establishes the national government's framework, fundamental laws, and guarantees certain basic rights for its citizens.