Figure 27-2

question 77

Multiple Choice

Figure 27-2.The figure shows a utility function for Britney.
-Refer to Figure 27-2.Suppose the vertical distance between the points (0,A) and (0,B) is 5.If her wealth increased from $1,050 to $1,350,then

• A)Britney's subjective measure of her well-being would increase by less than 5 units.
• B)Britney's subjective measure of her well-being would increase by more than 5 units.
• C)Britney would change from being a risk-averse person into a person who is not risk averse.
• D)Britney would change from being a person who is not risk averse into a risk-averse person.

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Definitions:

Voting

The act of making a choice or decision in an election or other formal decision-making process, typically through casting a ballot.

Suffrage

The right to vote in political elections.

Race

A social construct used to categorize humans into large and distinct groups by cultural, historical, physical, and social characteristics.

Political Freedom

The freedom to participate in the political process of one's country or society, including the rights to free speech, assembly, to vote, and to run for office.