Which of the Following Is NOT True About Indifference Curves

question 104

Multiple Choice

Which of the following is NOT true about indifference curves?

• A) Indifference curves slope downward.
• B) Indifference curves show equally preferred combinations of two goods.
• C) Indifference curves are not straight lines because the marginal rate of substitution falls.
• D) Indifference curves shift when prices change.

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Definitions:

Egocentrism

A cognitive trait where an individual is unable to understand or assume any perspective other than their own, often seen in early childhood development.

Piaget

Refers to Jean Piaget, a Swiss psychologist known for his pioneering work in developmental psychology and his theory of cognitive development in children.

Cardinality Principle

A concept in mathematics education that the last number named when counting objects represents the total number of objects in the set.

Ascending-series Principle

A principle or method involving sequence or order that progresses from lower to higher, often used in contexts such as music, mathematics, and psychology.