One Characteristic of Indifference Curves Is That

question 304

Multiple Choice

One characteristic of indifference curves is that

• A) they must intersect at the origin.
• B) they cannot intersect.
• C) they have a positive slope.
• D) they are straight lines.

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Definitions:

Port Facilities

Infrastructure and services provided at a port to support the loading, unloading, maintenance, and storage of ships and their cargoes.

Absolute Advantage

The ability of a country, company, or individual to produce a good or service more efficiently than competitors, using fewer resources.

Monopoly

Market situation in which a single seller dominates trade in a good or service for which buyers can find no close substitutes.

Less-developed Countries

Nations with a lower standard of living, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.