The Assumption of Completeness Means That

question 13

Multiple Choice

The assumption of completeness means that

• A)the consumer can rank all possible consumption bundles.
• B)more of a good is always better.
• C)the consumer can rank all affordable consumption bundles.
• D)all preferences conditions are met.

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Definitions:

Alfred Binet

A French psychologist best known for developing one of the first intelligence tests.

John Watson

An American psychologist who established the psychological school of behaviorism.

Heredity

The process by which physical or mental qualities are genetically handed down from one generation to the next.

Human Intelligence

Human intelligence is the cognitive capability to learn, understand, apply knowledge, solve problems, and adapt to new situations.