Quasilinear Preferences Are Homothetic When the Optimal Amount of One

question 7

True/False

Quasilinear preferences are homothetic when the optimal amount of one of the goods is not affordable.

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Definitions:

Thematic Apperception Test

A projective psychological test in which subjects reveal their underlying motivations, feelings, and conflicts through stories they make up about ambiguous pictures.

Achievement Motivation

A desire to achieve proficiency or success in tasks through one's own efforts, driving personal satisfaction or external recognition.

Urinary Elimination

The process of excreting urine from the body, involving the kidneys, ureters, bladder, and urethra.

Self-catheterization

A medical procedure in which a person inserts a catheter into their bladder to empty it, often due to inability to urinate naturally.