If Priscilla regards cheese and crackers as perfect complements, then
a. her indifference curves slope upward.
b. her indifference curves are straight lines.
c. Priscilla prefers lower indifference curves to higher ones.
d. for Priscilla a bundle of 5 crackers and 5 ounces of cheese is just as good as a bundle of 5 crackers and 8 ounces of cheese.
d
You might also like to view...
Money in the U.S. is essentially debt of
A. the national and local governments. B. businesses and the banks. C. the Federal Reserve System and the banks. D. businesses and the Federal Reserve System.
How might financial deepening contribute to poverty reduction?
What will be an ideal response?
A consumption-based theory of the determination of the real interest rate is based on the assumption that: a. a rise in the real interest rate will increase current consumption
b. the real interest rate must adjust to make people willing to experience changing consumption levels over time. c. the real interest rate is determined by the supply and demand for investment and is therefore unaffected by consumption decisions. d. the real interest rate must be positive.
The Gini ratio:
A. measures the relative extent of poverty in a nation. B. compares the income of persons, households, or households at the 90 th percentile of the income distribution to the income at the 10 th percentile. C. is a numerical measure of the overall dispersion of income in a nation. D. is found by dividing the entire area below and to the right of the diagonal in the Lorenz diagram by the area between the diagonal and Lorenz curve.