This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the demand of a good is inversely related to income, it must be A) a bad good. B) an inferior ... (Read 114 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: Jun 29, 2018
If the demand of a good is inversely related to income, it must be
 
  A) a bad good.
  B) an inferior good.
  C) a normal good.
  D) an everyday product.

Question 2

The assumption that individuals do NOT intentionally make decisions that would leave them worse off is referred to as
 
  A) the premium assumption.
  B) the law of comparative advantage.
  C) the rationality assumption.
  D) the law of demand.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
Reply #2 on: Jun 29, 2018
Thank you


skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

(a) Initial mtDNA results suggested modern humans and Neadertals were equally distantly related to D (a) Initial mtDNA results suggested modern humans and Neadertals were equally distantly related to D
The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
Disorders Related to Urination Disorders Related to Urination
Procedures and Diagnostic Tests Related to the Female Reproductive System Procedures and Diagnostic Tests Related to the Female Reproductive System
Estimated age-related changes in semantic and episodic memory abilities. Semantic memory abilities ... Estimated age-related changes in semantic and episodic memory abilities. Semantic memory abilities ...
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library