Using the Diagram Below, If You Were a Geologist Looking

question 98

Multiple Choice

Using the diagram below, if you were a geologist looking for water, which area would you drill an exploratory well into?

• A) Permeable sands
• B) Granite
• C) Impermeable clay

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Definitions:

Preferences

In economics, this refers to the ordering of alternatives based on their utility, showing the subjective tastes and choices of individuals.

Complete

Fully accomplished or having all necessary parts or steps.

Transitivity

Transitivity in decision making refers to the consistency among choices, where if option A is preferred over B and B over C, then A should be preferred over C.

Indifference Curves

Graphical representations used in microeconomics to show different combinations of two goods that give a consumer equal satisfaction and utility.