The indifference curves in Figure 21.1 slope upward because:
A) a higher wage is necessary in order to compensate someone for getting more years of education.
B) as people achieve higher levels of education, they generally receive higher wages.
C) all indifference curves slope upward.
D) education is an inferior good.

Question

The indifference curves in Figure 21.1 slope upward because: 
A) a higher wage is necessary in order to compensate someone for getting more years of education. 
B) as people achieve higher levels of education, they generally receive higher wages. 
C) all indifference curves slope upward. 
D) education is an inferior good.

Quizplus · Accepted Answer

The Answer of The indifference curves in Figure 21.1 slope upward because: 
A) a higher wage is necessary in order to compensate someone for getting more years of education. 
B) as people achieve higher levels of education, they generally receive higher wages. 
C) all indifference curves slope upward. 
D) education is an inferior good.

The Indifference Curves in Figure 21