Indifference curves graphically represent
a. an income level sufficient to allow an individual to achieve a given level of satisfaction.
b. the constraints faced by individuals.
c. an individual's preferences.
d. the relative price of commodities.
c
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Banks create money whenever they
A) accept a deposit. B) lend excess reserves to a borrower. C) receive monthly payments on their loans. D) receive interest on existing loans.
The ______ is the method by which communication travels from source to sender to receiver
a. Channel b. Interference c. Destination d. N Ach factor
During the 1920s, income inequality ______ and the return on schooling was relatively _____
a. increased; low b. increased; high c. decreased; low d. decreased; high
The U. S. Postal Service historically has had a monopoly over the market for the delivery of first-class letters in the United States
a. True b. False Indicate whether the statement is true or false