Which of the following correctly defines a budget constraint?
a. A model that economists use for illustrating the choices that individuals face in a situation of scarcity
b. A model that shows the level of satisfaction or pleasure that people receive from their choices
c. A model that shows the combinations of output that an economy can produce, given a level of technology
d. A model that represents the allocation that society most desires
a
Economics
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Unemployment occurs even during periods when the economy is growing
Indicate whether the statement is true or false
Economics
For the top 1 percent of income distribution, the share of total income earned by households in this group was about ________ percent in 2015
A) 9 B) 17 C) 44 D) 68
Economics