Alvin's Preferences for Good X and Good Y Are Shown

question 133

Multiple Choice

Alvin's preferences for good X and good Y are shown in the diagram below.
Figure 3.1.6
-Envision a graph with meat on the horizontal axis and vegetables on the vertical axis. A strict vegetarian would have indifference curves that are:

• A) vertical lines.
• B) horizontal lines.
• C) diagonal straight lines.
• D) right angles.
• E) upward sloping.

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Definitions:

Multilateral Investment Guarantee Agency

An international financial institution that offers political risk insurance and credit enhancement to investors and lenders to encourage investment in developing countries.

World Bank

A global financial organization that offers loans and grants to less wealthy nations to help them undertake capital projects.

Developing Nations

Countries with a lower standard of living, underdeveloped industrial base, and low Human Development Index relative to other countries.

Foreign Corrupt Practices Act

A U.S. law that prohibits American companies and their subsidiaries from bribing foreign officials to retain or obtain business.