Two Key Properties of Indifference Curves Are That an Indifference

question 48

Multiple Choice

Two key properties of indifference curves are that an indifference curve slopes

• A)downward and is bowed out from the origin.
• B)upward and is bowed out from the origin.
• C)downward and is bowed in toward the origin.
• D)upward and is bowed in toward the origin.
• E)downward and is concave from the origin.

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Definitions:

Self-Actualizing Person

A term coined by Abraham Maslow referring to an individual who has achieved the highest level of psychological development and is fully realizing their potential.

Hierarchy of Needs

A model introduced by Abraham Maslow that is often depicted as a pyramid, representing the progression through different levels of human needs from physiological up to self-actualization.

Self-Actualized

The realization or fulfillment of one's talents and potentialities, considered as a drive inherent in everyone, often associated with Maslow's hierarchy of needs.

Physiological Needs

Basic physical requirements for human survival, such as air, water, food, shelter, and sleep, which are considered the foundation of Maslow's hierarchy of needs.