Which of the following statements is true? A) A rational consumer mak

Which of the following statements is true?

A) A rational consumer makes his decisions depending on what the majority chooses.
B) A trade-off refers to the exchange of goods between economic agents through a barter system or mutual exchange.
C) A budget constraint is an economic tool that quantifies the trade-off between consumption of two goods.
D) All rational economic agents attempt to maximize their income.

ANSWER

C