Consumer Preferences

Multiple Choice

Consumer preferences:

A) are fixed exogenously and unchanging in reality.
B) indicate how a consumer would rank any two possible baskets of goods, taking into account her budget constraint.
C) indicate how a consumer would rank any two possible baskets of goods, taking into account the current prices of those goods.
D) indicate how a consumer would rank any two possible baskets of goods, assuming that the baskets were available to the consumer at no cost.