Which of the Following Statements About Utility and Preferences Is

question 225

Multiple Choice

Which of the following statements about utility and preferences is false?

• A)If Sidra prefers tea to coffee and coffee to hot chocolate, then she must prefer tea to hot chocolate.
• B)Preferences can be ranked.
• C)If two individuals, Ingrid and Inez, each consume the same bundle of goods, then both Inez and Ingrid must receive the same utility from the bundle.
• D)Utility cannot be compared across consumers.

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Definitions:

Systematically

Done or acting according to a fixed plan or system; methodical.

Feminism

A movement and ideology aimed at defining, establishing, and achieving political, economic, personal, and social equality of sexes.

Systematically Manipulate

To control or alter variables in an organized and deliberate manner within an experiment or study.

Causal Relationship

A connection between two variables where a change in one directly causes a change in the other.