What Happens to the Absolute Value of Marginal Rate of Substitution

question 38

Multiple Choice

What happens to the absolute value of marginal rate of substitution as you move down a convex (bowed toward the origin) indifference curve?

• A) increases
• B) decreases
• C) remains constant
• D) could increase or decrease

---

Definitions:

Slave-Owning Class

A social class in historical contexts, particularly in the American South, that owned slaves as property for labor and economic gain.

Paternalist Ethos

A belief system advocating a hierarchical relationship between groups or individuals, whereby those in authority adopt a fatherly role of providing for and directing those under their care.

Hierarchical Society

A social system in which individuals are ranked one above the other according to status, authority, or some other criterion, creating layers of superiority and inferiority.

Sexual Exploitation

The abuse of a position of vulnerability, differential power, or trust for sexual purposes; this includes profiting monetarily, socially, or politically from the sexual exploitation of another.