Refer to the Following Indifference Curve

question 82

Multiple Choice

Refer to the following indifference curve.The marginal rate of substitution (MRS) between points A and B is

• A) -1
• B) -2
• C) -1/2
• D) 1/2
• E) 1

---

Definitions:

Uncertainty Avoidance

A cultural dimension that describes the extent to which people in a society are uncomfortable with ambiguity, uncertainty, and unstructured situations, influencing their behavior and decision-making.

Ecology

The branch of biology that studies the relationships between organisms and their environments.

Social Structure

The organized pattern of social relationships and social institutions that together comprise society.

Ideology

A system of ideas and ideals, especially one that forms the basis of economic or political theory and policy.