If You Care Not Only About Your Own Income Level

question 30

Multiple Choice

If you care not only about your own income level but also about your relatives' income level, with increasing concern for them as they get poorer, then your indifference curves (defined over your income level and that of your relatives)

• A)will be negatively sloped, and concave from above.
• B)will be positively sloped, and concave from the origin.
• C)will be negatively sloped and linear.
• D)cannot be specified until more information is provided.

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Definitions:

Root Diameter

The diameter of a gear or screw measured at the base of the teeth or threads, where the material is the thickest.

Bevel Gears

Gears with intersecting shafts and conically shaped teeth that are used to change the axis of rotation in machinery.

Intersecting Axes

The point or line where two or more axes meet or cross each other.

Inside Diameter

The linear measurement of the interior of a cylinder or tube from one side to the opposing side.