If Priscilla Regards Cheese and Crackers as Perfect Complements, Then

question 189

Multiple Choice

If Priscilla regards cheese and crackers as perfect complements, then

• A)her indifference curves slope upward.
• B)her indifference curves are straight lines.
• C)Priscilla prefers lower indifference curves to higher ones.
• D)for Priscilla a bundle of 5 crackers and 5 ounces of cheese is just as good as a bundle of 5 crackers and 8 ounces of cheese.

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Definitions:

Just Compensation

The fair market value that must be paid for property taken by the government for public use, as guaranteed by the Fifth Amendment.

Proper Public Purpose

Proper public purpose is a principle stating that governmental actions and the use of public resources must aim to benefit the general public or community as a whole.

Expropriation

The act of a government taking private property for public use, with compensation provided to the owner.

Confiscation

The act of seizing property by authority, often without compensation, for legal or government use.