Use the Following to Answer Question

question 38

Multiple Choice

Use the following to answer question:
-(Table: Bundles of X and Y) Use Table Bundles of X and Y.According to the table:

• A)bundle D is preferred to bundles A and B.
• B)the consumer is indifferent among bundles A,B,and C.
• C)bundles C and D are both preferred to bundles A and B.
• D)bundle C is preferred to all other bundles.

---

Definitions:

Suburbanization

The process of population movement from within cities to the outskirts, creating residential and sometimes business developments.

Recessions

Periods where an economy experiences negative growth for two consecutive quarters, marked by decreased spending and increased unemployment.

Prefabricated Homes

Houses that are manufactured off-site in advance, usually in standard sections that can be easily shipped and assembled.

William Levitt

An American real estate developer known for popularizing the modern American suburb through the mass production of affordable housing.