When Two Goods Are Perfect Substitutes, They Will Have

question 50

Multiple Choice

When two goods are perfect substitutes, they will have:

• A)indifference curves with a slope equal to +1.
• B)indifference curves that slope upward.
• C)linear indifference curves.
• D)indifference curves that are kinked.

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Definitions:

Proprioception

The sense of the relative position of one's own parts of the body and strength of effort being employed in movement.

Vestibular Sense

The sensory system that provides the leading contribution to the sense of balance and spatial orientation for the purpose of coordinating movement with balance.

Balanced

A state in which different elements are in the correct proportions, often used in the context of diet, lifestyle, or composition.

Similarity

The state of being similar or alike, often leading to psychological connections or associations.