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

question 101

Multiple Choice

Alvin's preferences for good X and good Y are shown in the diagram below. Figure 3.2
-Based on Figure 3.2, it can be inferred that:

• A) Alvin does not consider good X as "good."
• B) Alvin will never purchase any of good Y.
• C) Alvin regards good X and good Y as perfect substitutes.
• D) Alvin regards good X and good Y as perfect complements.
• E) none of the above

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Definitions:

U.S.

A country in North America, officially known as the United States of America, characterized by a federal republic governance structure and a diverse population.

Internal Improvements

Historical term referring to public works projects in the United States, such as roads, canals, and railroads, aimed at developing the nation's infrastructure.

Clinton's Big Ditch

A colloquial term for the Erie Canal, significantly funded and championed by New York Governor DeWitt Clinton in the early 19th century, enhancing trade and westward expansion.

Erie Canal

A historic 363-mile waterway in New York that connects the Atlantic Ocean to the Great Lakes, greatly enhancing trade and transportation in the early 19th century.