Which One of the Following Statements Is False

question 78

Multiple Choice

Which one of the following statements is false?

• A)Indifference curves are negatively sloped.
• B)A preference map consists of a series of indifference curves.
• C)Indifference curves are bowed out from the origin.
• D)The marginal rate of substitution is the magnitude of the slope of an indifference curve.
• E)The marginal rate of substitution increases as a consumer moves up along an indifference curve for ordinary goods.

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Definitions:

Cognitive Operations

Mental processes that involve the manipulation and transformation of information in problem solving and decision making.

Field-Independent

A cognitive style where individuals tend to be more analytical, succeeding in tasks that require breaking down a larger picture into its component parts without being influenced by the context.

Embedded Figures

Involves finding a simple shape or figure hidden within a complex background, testing perceptual organization and the ability to distinguish foreground from background.

External Referents

Refers to objects, events, or entities outside of a person's mind that are referred to by linguistic expressions or symbols.