A Consumer Who Believes That He or She Has Been

question 5

True/False

A consumer who believes that he or she has been or may be victimized by identity theft may place an alert on his or her credit file.

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Definitions:

Utility Function

An economic model that measures preferences over a set of goods and services.

Budget Constraint

An economic model that represents all the combinations of goods and services a consumer can purchase given their income and the prices of those goods and services.

Bundle

A collection of goods or services that are sold together.

Marginal Rate of Substitution

The rate at which a consumer is willing to give up some amount of one good in exchange for another good while keeping the same level of utility.