Which of the following statements are TRUE? A. As we move to the left along an indifference curve, the utility obtained by the household increases. B. A utility curve holds different combinations of goods that give the same utility. C. Higher indifference curves (i.e., indifference curves positioned higher and to the right) represent higher utility. D. The only way to obtain a higher utility is to make more money. O Only A and D O Only B and C O Only B, C, and D O All of the above
Which of the following statements are TRUE? A. As we move to the left along an indifference curve, the utility obtained by the household increases. B. A utility curve holds different combinations of goods that give the same utility. C. Higher indifference curves (i.e., indifference curves positioned higher and to the right) represent higher utility. D. The only way to obtain a higher utility is to make more money. O Only A and D O Only B and C O Only B, C, and D O All of the above
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Which of the following statements are TRUE?
A. As we move to the left along an indifference curve, the utility obtained by the household
increases.
B. A utility curve holds different combinations of goods that give the same utility.
C. Higher indifference curves (i.e., indifference curves positioned higher and to the right)
represent higher utility.
D. The only way to obtain a higher utility is to make more money.
O Only A and D
O Only B and C
O Only B, C, and D
All of the above
Question 48
If changes in demand cause migration of residents from one city to another, how is it possible to
implement regional economic development programs?
O It is possible to implement regional economic development programs by concentrating on each area of a
region separately. If each area does the best it can individually, the region will always be able to implement
regional economic development programs.
O Since the process of migration is very time consuming, the effects of regional movement will not harm the
implementation of regional economic development programs.
O Since interregional movement is very prominent in almost all regions, it is basically impossible to implement
regional economic development programs.
O It is possible to implement regional economic development programs if the residents can move extremely
quickly between regions.
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