The Budget Constraint

Multiple Choice

The budget constraint

A) is the combined price of all goods and services an individual can consume.
B) is the total amount of money an individual can spend on goods and services per period of time.
C) is the maximum amount of money an individual can gain without earning it.
D) applies only to society as a whole, not to individuals.
E) is the total amount of utility an individual can receive from goods and services per period of time.