The assumption of transitive preferences implies that ...

[kaid0807]

The assumption of transitive preferences implies that indifference curves must:
 
  A) not cross one another.
  B) have a positive slope.
  C) be L-shaped.
  D) be convex to the origin.
  E) all of the above

Question 2

Please use the following statements to answer this question:
 
  I. The process of testing and revising theories is central to the development of economics as a science.
  II. Theory is imperfect and may not adequately describe economic behavior in some cases.
  A) I and II are true.
  B) I is true and II is false.
  C) I is false and II is true.
  D) I and II are false.

[xMRAZ]

Answer to Question 1

A

Answer to Question 2

A

[kaid0807]

TYSM

[isabelt_18]

Excellent