The limitation that a consumer's total expenditure on goods and services purchased cannot exceed the income available is referred to as

A) maximizing behavior. B) economizing behavior.
C) the budget constraint. D) the price constraint.

C

Economics

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A higher price level causes

A) the C + I + G + X curve to shift u

Economics

Profit is the payment received by resource owners for the use of their capital

a. True b. False

Economics