Which of the Following Is Not Required for the Existence

question 90

Multiple Choice

Which of the following is not required for the existence of a utility function?

• A)completeness
• B)universality
• C)continuity
• D)nonsatiation

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Definitions:

Social Mobility

Refers to the ability to move within the social hierarchy, which can be upward or downward, influenced by factors such as education, income, and occupation.

Cultural Backgrounds

The cultural heritage, traditions, and values that shape an individual's identity and perspectives, often influencing their behaviors, beliefs, and interactions with others.

Intragenerational Mobility

Movement between social classes that occurs during the course of an individual’s lifetime.

Social Mobility

The movement of individuals, families, or groups through a system of social hierarchy or stratification.