How many indifference curves could a nation have for a particular pair of goods?
A)one for each trade partner
B)two
C)one
D)an infinite number

Question

Quizplus · Accepted Answer

Indifference curves represent combinations of goods that provide the same level of utility to a consumer. For any pair of goods, there can be an infinite number of these combinations, each representing a different level of utility, hence an infinite number of indifference curves.

How Many Indifference Curves Could a Nation Have for a Particular