Multiple Choice
Consider the following three market baskets:Table 3.1
-Jane is trying to decide which courses to take next semester. She has narrowed down her choice to two courses, Econ 1 and Econ 2. Now she is having trouble and cannot decide which of the two courses to take. It's not that she is indifferent between the two courses, she just cannot decide. An economist would say that this is an example of preferences that:
A) are not transitive.
B) are incomplete.
C) violate the assumption that more is preferred to less.
D) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q11: The local farmer's market sells corn for
Q12: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 3.1.3 -Refer
Q13: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 3.1.4 -Refer
Q14: The ideal cost-of-living index represents:<br>A) the cost
Q15: The food stamp program provides low income
Q17: The principle of revealed preference would say
Q18: You view tea and scones as perfect
Q19: A study of satisfaction with life across
Q20: Before the adoption of a chain-weighted price
Q21: Indifference curves are convex to the origin