What is the added factor that complicates an understanding of an individual’s labor supply curve?

Refer to Figure 3.1. Which assumption concerning preferences do Alvin's indifference curves violate?

A) Diminishing marginal rates of substitution B) Transitivity of preferences C) More is preferred to less D) Completeness

Crowding out occurs when government deficit spending results in less private spending

a. True b. False Indicate whether the statement is true or false