Figure 5-13 -If the Slope of an Indifference Curve Between Two Goods

question 131

Multiple Choice

Figure 5-13
-If the slope of an indifference curve between two goods decreases as we move from left to right (dropping all minus signs) , we infer that the consumer

• A)is less willing to trade away a good when he has a lot of it.
• B)is more willing to trade away a good when he has a lot of it.
• C)always tries to keep the percentage of his budget spent on each good constant.
• D)views one of the goods as inferior.

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Definitions:

State Development

The process through which a geographical area with a defined territory evolves organizational structures to govern and manage its populace and resources.

Tikal

An ancient Mayan city located in the rainforests of what is now northern Guatemala, known for its monumental architecture and significant archaeological sites.

Overland Trade Route

A path or route used for the transportation of goods and trade over land, as opposed to sea or air, historically significant for economic and cultural exchanges.

Tikal Project

An extensive archaeological effort focusing on the investigation and preservation of Tikal, one of the largest urban centers of the ancient Maya civilization.