An Indifference Curve

question 28

Multiple Choice

An indifference curve

• A) must slope downward towards the right.
• B) is positively sloped.
• C) is upsloping and is concave to the origin.
• D) may be upsloping or downsloping, depending on whether the two products are complements or substitutes.

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Definitions:

Income Redistribution

The transfer of income from some individuals to others by means of a social mechanism such as taxation, charity, welfare, public services, land reform, or monetary policies.

Black Americans

Individuals in the United States who have African ancestry; commonly referred to as African Americans.

Poor

This term refers to individuals or groups who lack sufficient financial resources to meet a basic standard of living.

Employment Discrimination

Unfair treatment or prejudice against employees or job applicants based on race, color, religion, sex, national origin, age, disability, or genetic information instead of job performance or qualifications.