Choose the Word or Phrase in [ ] Which Will

question 117

Multiple Choice

Choose the word or phrase in [ ] which will correctly complete the statement. Select
-Many people choose a bank solely on [services | convenience].

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Demand Curves

A graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to buy.

Indifference Map

A graph showing a set of indifference curves, illustrating combinations of goods or services among which a consumer is indifferent.

Total Utility

The full satisfaction experienced when consuming an exact aggregate quantity of a good or service.

Equal-Elevation Lines

Contour lines on a map representing points of equal elevation above a reference level, typically sea level.