Consider a Worker Who Dislikes Working End Enjoys Consuming a Composite

question 7

Multiple Choice

Consider a worker who dislikes working end enjoys consuming a composite good.With labor hours on the horizontal and the composite consumption good on the vertical axis, which of the following statements are true.

• A)If the worker's tastes are convex, the slope of indifference curves increases as we move to the right in the graph.
• B)The worker becomes better off as we move to the northwest in the graph.
• C)A tax on wage income does not change this worker's indifference map.
• D)All of the above.
• E)None of the above.

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Definitions:

WAIS

Wechsler Adult Intelligence Scale, a standard test used to measure an adult's intellectual and cognitive ability.

Stanford-Binet

An intelligence test designed to measure five factors of cognitive ability: fluid reasoning, knowledge, quantitative reasoning, visual-spatial processing, and working memory.

Intellectual Disability

A condition characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers many everyday social and practical skills.

Savant Syndrome

A rare condition in which someone with significant mental disabilities demonstrates certain abilities far in excess of average.