Exhibit 6A-2 Consumer Equilibrium

question 265

Multiple Choice

Exhibit 6A-2 Consumer Equilibrium
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-Given the budget lines and indifference curves shown in Exhibit 6A-2, point B yields:

• A) more total utility than point F.
• B) more total utility than points A and C.
• C) less total utility than point F.
• D) equal total utility to point F.

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Definitions:

Extrinsic Freedom

Refers to freedom limited or determined by external factors or circumstances.

Determinists

The belief that all events, including moral choices, are determined completely by previously existing causes, in relation to the philosophical idea that every event or state of affairs, including every human decision and action, is the necessary result of antecedent states of affairs.

Free Choices

The ability or power to make decisions without constraints, enabling one to act on one's own volition.

Indeterminism

The doctrine that not all events, including moral choices, are determined by previously existing causes and that humans have the capability for free will.