Indifference Curves Are Convex to the Origin Because

question 32

Multiple Choice

Indifference curves are convex to the origin because:

• A)at a lower income,a person is more willing to sacrifice income for additional leisure
• B)at a lower income,a person is less willing to sacrifice income for additional leisure
• C)at any income level,a person is willing to sacrifice the same amount of income for additional leisure
• D)the marginal rate of substitution of leisure for income is negative

---

Definitions:

Direct Democracy

A form of democracy in which people directly decide on policy initiatives without intermediary representatives or officials.

Fort Sumter

A federal fort in Charleston Harbor, South Carolina, notable for the first shots of the American Civil War being fired there in 1861.

Charleston Harbor

a notable body of water located in South Carolina, known historically for its strategic importance during both the American Revolution and the Civil War.

Civil War

A conflict between citizens of the same country.