Assuming That Good "X" Is Measured on the X-Axis and Good

question 51

Multiple Choice

Assuming that good "x" is measured on the x-axis and good "y" is measured on the y-axis,if the utility for the two goods "x" and "y" can be measured as U = x,then it can be concluded that

• A) "x" and "y" are perfect complements.
• B) "y" is a "bad".
• C) the indifference curves on the x,y graph are upward sloping.
• D) the indifference curves on the x,y graph are vertical.

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Definitions:

Scientific Study

The pursuit and application of knowledge and understanding of the natural and social world following a systematic methodology based on evidence.

Exercise

Structured activities whose goal is to improve health.

Happiness

A state of well-being characterized by emotions ranging from contentment to intense joy.

Third Variable Problem

The circumstance where a variable that has not been measured accounts for the relationship between two other variables. Third variables are also known as confounds.