Basket of Goods a Is on an Indifference Curve That

question 66

Multiple Choice

Basket of goods A is on an indifference curve that lies further from the origin than basket B. From this we know that

• A) the prices of the goods in A are more than the prices of the goods in B.
• B) the satisfaction from consuming A is more than the satisfaction from consuming B.
• C) the marginal utility from consuming A is more than the marginal utility from consuming B.
• D) all other consumers would also rank B above A.

---

Definitions:

Social Security Act

A 1935 United States law that established a system of old-age benefits, unemployment insurance, and welfare programs.

Mail Fraud

A criminal act involving the use of postal services to carry out schemes designed to fraudulently obtain money or valuables.

Anti-Semitic

Hostile or prejudiced against Jewish people.

Resettlement Administration

A New Deal agency created in 1935 to relocate struggling urban and rural families to communities planned by the federal government.