The introduction of community indifference curves into our trading example focuses attention on the nation's
A) income level.
B) resource prices.
C) tastes and preferences.
D) productivity level.

Question

Quizplus · Accepted Answer

Community indifference curves reflect the collective preferences of the nation's citizens. Therefore, the introduction of indifference curves focuses attention on the nation's tastes and preferences.

The Introduction of Community Indifference Curves into Our Trading Example