Multiple Choice
A budget line is defined as
A) the number of units of a good that can be purchased over a range of prices.
B) the combinations of a set of two goods that can be purchased, given current income and current prices for the goods.
C) how a household's budget is allocated to various members of the family.
D) the maximum amount of money that can be spent.
E) the combinations of a set of two goods that the household prefers over other combinations.
Correct Answer:
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