Which economic term corresponds to the idea that

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Which economic term corresponds to the idea that Andrea must budget how she spends her limited income? Marginal benefit Marginal cost Constraint
Consumer optimization CONCEPT Cost and Benefit Optimization for Consumers 8 Which of the following scenarios relates to both natural and frictional employment?
CONCEPT Assessing Costs of Unemployment--Labor Economics 9 Rent control is a type of price __________ that has the effect of __________ producer surplus as compared to the free market equilibrium.
ceiling; reducing ceiling; increasing floor; increasing CONCEPT Welfare Analysis 10 Brent decides to purchase ground beef to make tacos rather than pricier steak because his weekly budget restricts his expenditure on food. Brent is acting as a rational consumer in that he is recognizing that __________.
CONCEPT Cost and Benefit Optimization for Consumers 11
Laura was in charge of purchasing food for the next book club meeting. She usually ordered sandwiches from the nearby deli, but the price of sandwiches had increased. One option for food was ordering pizza, which was $3 less than a sandwich. However, because the price of sandwiches had gone up, Laura could afford fewer sandwiches and pizza than previous meetings. The reduction in Laura's ability to purchase both sandwiches and pizza due to the increase of price in sandwiches is known in economic terms as ________. a budget constraint the income effect the substitution effect a change in income
CONCEPT Budget Constraints: Change in Price 12 When examining how price affects either the supply or demand curve, economists apply the concept of ceteris paribus.

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