Final answer:
The budget constraint framework is considered a pervasive constraint by the FASB's conceptual framework. It reminds us to consider the full range of effects that can arise from changes in income or price, rather than just immediate effects on a single product.
Step-by-step explanation:
The pervasive constraint considered by the FASB's conceptual framework is the budget constraint framework. This framework reminds us to consider the full range of effects that can arise from changes in income or price, rather than just focusing on the immediate effects on a single product. It emphasizes the importance of understanding how changes in income or price can impact overall consumer choices.