Which of the Following Is Correct

question 287

Multiple Choice

Which of the following is correct?

• A)Budget lines are linear and upsloping; indifference curves are downsloping and concave to the origin.
• B)Budget lines are linear and downsloping; indifference curves are downsloping and concave to the origin.
• C)Budget lines are linear and downsloping; indifference curves are downsloping and convex to the origin.
• D)Budget lines are downsloping and convex to the origin; indifference curves are linear and downsloping.

---

Definitions:

Agricultural Products

Goods derived from agriculture and farming activities, including crops, livestock, and other raw materials.

Farm Households

Families living and working on farms, often combining both their living quarters and business operations in the same place.

Average Income

the total income received by the population divided by the number of individuals in the population.

Farm Policy

Government regulations and policies that aim to stabilize food prices, ensure adequate food supply, and protect the interests of farmers and agricultural sectors.