1、True/False1. Thetheoryofconsumerchoiceillustratesthatpeoplefacetradeoffs,whichisoneoftheTenPrinciplesofEconomics. a. True b. FalseANSWER: TruePOINTS: 1DIFFICULTY: EasyTOPICS: ConsumertheoryKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: 001.21-TF-MANK082. Aco
2、nsumer’sbudgetconstraintforgoodsXandYisdeterminedbyhowmuchtheconsumerlikesgoodXrelativetogoodY. a. True b. FalseANSWER: FalsePOINTS: 1DIFFICULTY: ModerateTOPICS: BudgetconstraintsConsumertheoryKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: 002.21-TF-MANK083.
3、 TheslopeofthebudgetconstraintrevealstherelativepriceofgoodXcomparedtogoodY. a. True b. FalseANSWER: TruePOINTS: 1DIFFICULTY: ModerateTOPICS: BudgetconstraintsConsumertheoryKEYWORDS: BLOOM'S:ApplicationCUSTOM ID: 003.21-TF-MANK084. Theslopeofaconsum
4、er’sbudgetconstraintisunaffectedbyachangeinincome. a. True b. FalseANSWER: TruePOINTS: 1DIFFICULTY: ModerateTOPICS: BudgetconstraintsConsumertheoryKEYWORDS: BLOOM'S:AnalysisCUSTOM ID: 004.21-TF-MANK085. Ifaconsumerexperiencesadecreaseinincome,thenew
5、budgetconstraintwillhavethesameslopeastheoldbudgetCopyrightCengageLearning.PoweredbyCognero.Page 14constraint. a. True b. FalseANSWER: TruePOINTS: 1DIFFICULTY: ModerateTOPICS: BudgetconstraintsConsumertheoryKEYWORDS: BLOOM'S:ApplicationCUSTOM ID: 00
6、5.21-TF-MANK086. Abudgetconstraintillustratesbundlesthataconsumerprefersequally,whileanindifferencecurveillustratesbundlesthatareequallyaffordabletoaconsumer. a. True b. FalseANSWER: FalsePOINTS: 1DIFFICULTY: ModerateTOPICS: ConsumertheoryKEYWORDS: B
7、LOOM'S:ApplicationCUSTOM ID: 006.21-TF-MANK087. Foratypicalconsumer,mostindifferencecurvesarebowedinward. a. True b. FalseANSWER: TruePOINTS: 1DIFFICULTY: EasyTOPICS: ConsumertheoryIndifferencecurvesKEYWORDS: BLOOM'S:ComprehensionCUSTOM ID: 007.21-
8、TF-MANK088. Foratypicalconsumer,mostindifferencecurvesaredownwardsloping. a. True b. FalseANSWER: TruePOINTS: 1DIFFICULTY: EasyTOPICS: ConsumertheoryIndifferencecurvesKEYWORDS: BLOOM'S:ComprehensionCUSTOM ID:
