A budget line is a straight line designed to show
a. how income is related to hours worked.
b. all combinations of two goods that can be purchased with a given income.
c. the way a homemaker should divide money among several commodities.
d. that if more money is spent on one good, the breadwinner must work all the harder to maintain a satisfactory level of living.
e. preferences for goods and services.
b
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Which of the following pairs is the most likely to exhibit a direct relationship?
a. The price of gasoline and the amount of gasoline that people purchase. b. Cholesterol levels and the likelihood of developing heart disease. c. Outdoor temperature and heating oil sales. d. Annual income and weekly pawn shop visits.
The person hired by a corporation's board of directors to ________ is known as the chief executive officer
A) chair the board of directors B) run the day-to-day operations of the corporation C) audit the financial records of the corporation D) hire additional members for the board of directors