The total amount of money that you can spend on goods and services within a month is your monthly
A)utility.
B)income.
C)budget constraint.
D)wealth.
E)quota.

Question

Quizplus · Accepted Answer

The term "budget constraint" refers to the limit on your spending based on your income, expenses, and financial goals. This is the most accurate choice for describing the total amount of money you can spend within a given time frame. "Utility" refers to the satisfaction or enjoyment you get from consuming a good or service and is not related to the amount of money you can spend. "Income" refers to the money you earn, but does not necessarily indicate how much you can spend due to factors such as taxes and expenses. "Wealth" refers to your total net worth, which includes assets and liabilities, but does not indicate how much you can spend within a given month. "Quota" refers to a specific limit or restriction on the amount of something that can be produced or imported and is not relevant to personal spending.

The Total Amount of Money That You Can Spend on Goods