The assumption that more is preferred to less:
A)is called transitivity.
B)implies that if basket lies to the northeast of basket , then basket is preferred to basket .
C)is called completeness.
D)implies that indifference curves are "thick".

Question

Quizplus · Accepted Answer

The assumption that more is preferred to less implies that if one basket of goods lies to the northeast of another (meaning it has more of at least one good and no less of any other), then the first basket is preferred to the second. This is because having more of a good is assumed to be better, all else being equal.

The Assumption That More Is Preferred to Less