A Cliché Is a Description of an Object or an Action

question 54

True/False

A cliché is a description of an object or an action that is imaginative but not literally applicable.

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Definitions:

Utility

The satisfaction or benefit derived by consuming a product or service.

Objectively Determined

Describes a value or decision made based on factual and unbiased criteria, removing personal feelings or opinions.

Indifference Schedule

An indifference schedule is a table or graph representing combinations of two goods among which a consumer is indifferent, showing how much of one good the consumer is willing to give up to obtain more of the other good.

Willingness

The readiness or inclination of a person to do something or to act in a certain way, often used in economic contexts to discuss willingness to pay.