Moving Down the Indifference Curve, the Marginal Rate of Substitution

question 70

Multiple Choice

Moving down the indifference curve, the marginal rate of substitution

• A)diminishes.
• B)depends on household income.
• C)is highly volatile.
• D)is rising.
• E)is constant.

---

Definitions:

Domestic Disorder

A state of disturbance in the internal affairs of a country typically involving violence or public disorder.

Cabinet

A group of senior government officials, typically heads of departments or agencies, who advise the head of state or head of government.

Federal Government

The national government of a federal country, which shares power with state or provincial governments according to the constitution.

Departments

Major divisions within a government or organization that specialize in particular areas of public policy, administration, or services.