A consumer's budget constraint is determined by:
A. a consumer's income.
B. a consumer's income and preferences.
C. a consumer's income and the prices of the goods she buys.
D. a consumer's preferences and the prices of the goods she buys.
C. a consumer's income and the prices of the goods she buys.
Economics
You might also like to view...
One of the flaws of GDP is that it
A) includes measures of changes of quality of life associated with producing output. B) includes measures of the underground economy. C) includes only transactions that take place in formal businesses. D) ignores transactions that do not take place in organized markets.
Economics
The tasks performed by the chef at your favorite restaurant could be categorized as
A) a good. B) an economic good. C) a service or intangible good. D) All of the above are correct.
Economics