When a consumer moves from a lower to a higher indifference curve, the marginal rate of substitution automatically increases

Indicate whether the statement is true or false


FALSE

Economics

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A change in consumers' incomes causes a change in:

A. the demand for normal goods but not the demand for inferior goods. B. supply. C. demand. D. the cross-price elasticity of demand.

Economics

Michelle Palmisano has the rare talent to be a top rodeo rider, yet her winnings are not anywhere near the level of players in the major pro sports. The reason is that

a. anyone can ride in a rodeo b. demand and supply have simultaneously shifted by unknown amounts c. demand for her talent is not sufficient to support a high level of pay d. technology for saddles has not advanced for a long time e. consumer incomes have been increasing substantially

Economics

A mismatch of the skills of unemployed workers and the skills required for existing jobs is defined as:

a. involuntary unemployment. b. cyclical unemployment. c. structural unemployment. d. frictional unemployment.

Economics

The opportunity to increase profitability is the primary reason that firms decide to export.

a. true b. false

Economics