As a Consumer Moves Along an Indifference Curve and Decreases

question 365

Multiple Choice

As a consumer moves along an indifference curve and decreases consumption of the good on the x-axis, the consumer needs ________ of the good on the y-axis to give up an additional unit of the good on the x-axis.

• A) less and less
• B) more and more
• C) none
• D) a constant amount

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Definitions:

Union Shops

Workplaces where all employees must join a union within a certain time period after being hired.

Right-To-Work Laws

Legislation that prohibits compulsory membership in labor unions as a condition of employment.

Exit Mechanism

The method of resolving workplace dissatisfaction by quitting one’s job and searching for another.

Voice Mechanism

Communication by workers through their union to resolve grievances with an employer.