Which of the following statements is false?

A) There is an indifference curve associated with any combination of goods selected by a consumer.
B) A consumer is indifferent among all consumption bundles along a given budget line.
C) Consumption bundles that lie on higher indifference curves yield higher utility.
D) All consumption bundles along a given indifference curve are equally desirable.

B

Economics

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The Laspeyres price index tends to ________ the ideal cost-of-living index

A) be higher than B) be lower than C) be equal to D) zero faster than

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To an economist, utility means:

A) additional. B) usefulness. C) satisfaction. D) marginal.

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