The Relation "Is Preferred To" Between Commodity Bundles Is Just

question 10

Multiple Choice

The relation "is preferred to" between commodity bundles is just one example of a binary relation.Another example is the relation "is a full brother of" defined over the set of all human beings.Let xRy mean person x is a full brother of person y.

• A)The relation R is reflexive, transitive, and complete.
• B)The relation R is transitive and complete but not reflexive.
• C)The relation R is transitive but not complete or reflexive.
• D)The relation R is complete but not transitive or reflexive.
• E)The relation R is not reflexive, transitive, or complete.

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Definitions:

Hart-Scott-Rodino Act

U.S. legislation that requires large companies to file a report with the Federal Trade Commission and the Department of Justice before completing certain mergers, acquisitions, or transfers of securities.

Waiting Period

A mandated time interval between when an action is taken and when some related action may occur or when its effect comes into play.

Early Termination

The process of ending an agreement or contract prior to its originally agreed upon conclusion date.

Self-Handicapping

A cognitive strategy by which individuals avoid effort in the hopes of keeping potential failure from hurting self-esteem.