The Set of Indifference Curves That Show That a Consumer

question 32

Multiple Choice

The set of indifference curves that show that a consumer remains equally well off by substituting one good for another at a constant rate must be _____.

• A)negatively sloped
• B)parallel lines
• C)positively sloped
• D)concave

---

Definitions:

Medium Of Exchange

Anything that is widely accepted as a means for the payment of goods and services and repayment of debts.

Opportunity Cost

Represents the value of the best alternative that must be given up in order to pursue a certain action or decision.

Cookies

Small files stored on a user's computer by websites to remember user preferences and activity.

Specialization Of Labor

Focusing work effort on a particular product or a single task.