Which of the Following Statements Is True About a Consumer's

question 70

Multiple Choice

Which of the following statements is true about a consumer's optimal decision when indifference curves are concave?

• A) Both goods are consumed.
• B) No goods are consumed.
• C) Only one of the goods is consumed.
• D) It occurs at the point of tangency with the budget line.

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Definitions:

Defense Mechanism

Unconscious tactics employed to shield an individual from the distress tied to undesirable thoughts or emotions.

Sublimation

In psychology, sublimation refers to the process of channeling unacceptable impulses, thoughts, or emotions into more acceptable or productive behaviors.

Violent Impulses

Sudden urges to exhibit aggressive behaviors or actions, which can be a symptom of underlying psychological or neurological issues.

Collective Unconscious

A term by Carl Jung to describe structures of the unconscious mind shared among beings of the same species.