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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #724892
Introduction to Economics 1 Deneme Sınavı Sorusu #724892
Which of the following can be true about budget constraint?
It is the combinations of quantities of X and Y that a consumer can purchase with certain amount of income or earning. |
It is the minimum amount of the goods that a person can afford using his or her income or earnings. |
It is the gap between the desired goods and the afforded goods for a person who works for a stable salary. |
It is the unexpected increase in budget line of a person due to some unexpected expenses such as car insurance due to an accident. |
It is the decrease in a persons budget caused by gradual increase in inflation and global stocks. |
Yanıt Açıklaması:
A Budget constraint is “the combinations of quantities of X and Y that a consumer can purchase with certain amount of income or earning”.
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