Author Question: The fact that indifference curves are bowed in toward the origin A) is not true. B) follows from ... (Read 86 times)

geodog55 · **on:** Jun 30, 2018

The fact that indifference curves are bowed in toward the origin

A) is not true.
B) follows from the fact that more is preferred to less.
C) follows from the property that the consumer likes diversity in his or her consumption bundle.
D) follows from the property that consumption and leisure are normal goods.

Question 2

If the value of a home falls below the amount owed on the mortgage for that property, the house is said to be ________.

A) underwater
B) collateralized
C) swamped
D) in short sale