If Walter Has One Hour of Leisure Time in Which

question 471

Multiple Choice

If Walter has one hour of leisure time in which to watch a sporting event on television, his preferences are as follows: Walter prefers watching football to watching baseball, but he prefers watching baseball to watching basketball. He is indifferent between watching baseball and watching hockey. Bundle A contains one hour of football and zero hours of all other sports. Bundle B contains one hour of baseball and zero hours of all other sports. Bundle C contains one hour of basketball and zero hours of all other sports. Bundle D contains one hour of hockey and zero hours of all other sports. If we were to graph Walter's preferences using indifference curves, which of the following bundles would be on the same indifference curve?

• A)A, B, and C only
• B)B and D only
• C)A and D only
• D)There is no combination of the sports that could be drawn on the same indifference curve.

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Definitions:

Foreign-born

Individuals who were born outside of the country in which they now reside.

Reserves

Resources or capacity that can be drawn upon when needed, often referring to economic, natural, or physical assets.

Respite Care

Temporary relief services for the primary care provider of a dependent adult.

Exhaustion

A state of extreme physical or mental fatigue, usually resulting from prolonged stress or activity.