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Indifference Curves: Use & Impact in Economics Video

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What do indifference curves measure?

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1. Are all goods necessarily related and subject to an indifference curve?

2. Which of the following is a complementary good for a bicycle?

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About This Quiz & Worksheet

This quiz and worksheet will gauge your understanding of indifference curves in economics. The quiz will also assess your comprehension of concepts like compliments and substitutes for hot tea.

Quiz & Worksheet Goals

Use these assessment tools to:

  • Identify what indifference curves measure
  • Understand whether or not all goods are related and subject to an indifference curve
  • Recognize where indifference curves are most useful

Skills Practiced

This worksheet and quiz allow you to practice these skills:

  • Making connections - use understanding of the concept of how indifference curves work
  • Critical thinking - apply relevant concepts to examine information about substitute goods in a different light
  • Information recall - access the knowledge you've gained regarding complementary goods

Additional Learning

Learn more about indifference curves by viewing the lesson titled 'Indifference Curves: Use and Impact in Economics', which covers these topics:

  • Define indifference curve
  • Recognize why indifference curves are used
  • Define substitute and complementary goods
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