Perfect Substitutes Will Have Indifference Curves Which Are

question 37

Multiple Choice

Perfect substitutes will have indifference curves which are

• A)concave.
• B)convex.
• C)linear (a straight line).
• D)L-shaped.

---

Definitions:

Cross-cultural Fairness

The extent to which assessments, tests, or measures are equitable and free of cultural bias across different cultural or ethnic groups.

Statistical Formation

Refers to the process of organizing and summarizing data through the use of tables, graphs, and statistical measures to make the data understandable and usable.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together, showing the strength and direction of a relationship.

+.86

This could represent a statistical value, such as a correlation coefficient, indicating a strong positive relationship between two variables.