In Using the Composite-Good Convention in an Indifference Curve Diagram,economists

Multiple Choice

In using the composite-good convention in an indifference curve diagram,economists

A) compare the prices of market baskets at different points in time.
B) divide the world's production into two classes,goods and services.
C) divide the world's goods into two classes,high quality goods and low quality goods.
D) lump together all goods but one into a single good measured in a single unit,like dollars.