Which of the Following Is True

question 119

Multiple Choice

Which of the following is true?

• A) Eccentrics are rare and their behaviours generally bring joy to themselves and others
• B) In the unusualness criterion, abnormal behaviours are presented the same across the general population
• C) Eccentrics are generally shy therefore hardly noticeable
• D) Cultural relativism has no connection to the unusualness criterion

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Definitions:

Homothetic Preferences

Consumer preferences that are consistent or proportionate across different scales or levels of consumption, indicating a straight line through the origin in a utility function graph.

Quasilinear Preferences

Preferences where utility is a linear function of one good, making the consumer's marginal rate of substitution between goods independent of the level of consumption of that good.

Convex Preferences

Consumer preferences where the consumer prefers averages or mixes of goods to extremes, represented graphically by convex indifference curves.

Monotonic Transformation

A monotonic transformation involves a function that either entirely increases or decreases, preserving the order of the original function’s elements.