If the Utility Numbers We Assign to Objects Have No

question 15

Multiple Choice

If the utility numbers we assign to objects have no meaning other than to represent the ranking of these goods in terms of a person's preferences, then utility is measurable in the

• A) ordinal sense
• B) cardinal sense
• C) rational sense

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Definitions:

North American Proponent

An individual or group advocating or supporting a cause or idea notably within the context of North America.

Behaviorism

A branch of psychology that studies observable behaviors, emphasizing the role of environmental factors in shaping behavior.

Cognitive Development

Refers to the progressive and ongoing growth of perception, memory, imagination, and problem-solving skills.

Concrete Operational

A stage in Piaget's theory of cognitive development, occurring roughly between the ages of 7 and 12, during which children gain the ability to think logically about concrete events.