Question

question what is true of a budget constraint? select the correct answer below: it is a legal limit on how much individuals may spend without going into bankruptcy. the budget constraint slopes upward. the budget constraint is a straight line. the budget constraint is only for countries, not individuals.

Explanation:

A budget - constraint represents combinations of goods a consumer can afford given income and prices. It's a straight - line with a negative slope.

Answer:

C. The budget constraint is a straight line.