An Indifference Curve Plotted for Two Different Goods on the Axes

question 81

Multiple Choice

An indifference curve plotted for two different goods on the axes

• A)shifts when real income changes.
• B)shows all combinations of the two goods that give the same level of utility.
• C)changes its slope as the relative prices of the two goods change.
• D)shows the combinations of the two goods that will just use up a consumer's income.
• E)shows the different combinations of two goods that the same income can purchase.

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Definitions:

Transform Boundaries

Plate boundaries where tectonic plates slide horizontally past each other, often leading to earthquakes.

Mid-Ocean Ridge

A series of mountains beneath the ocean, generated by the shifting of tectonic plates, where fresh oceanic crust is formed.

Shear Zone

A generally tabular zone of rock that is more highly sheared and deformed than rocks outside the zone.

Fold and Thrust Belts

Regions in the Earth's crust where the layers of rock have been folded and thrusted over one another due to compressional forces, often found in mountainous areas.