Final answer:
Convexity of an indifference curve means that an individual is willing to trade off larger amounts of one good for smaller amounts of another as they move along the curve.
Step-by-step explanation:
An indifference curve represents different combinations of goods that give an individual the same level of utility or satisfaction. The approval of convexity of an indifference curve implies that the curve is bowed inward towards the origin. This convex shape indicates that the individual is willing to trade off larger amounts of one good for smaller amounts of another good as they move from left to right along the curve.