An Engel Curve Is Backward-Bending When

question 61

Multiple Choice

An Engel curve is backward-bending when:

• A) the good is inferior after a certain level of income.
• B) the good is inferior at low levels of income.
• C) the good is inferior for all levels of income.
• D) the good is normal above a certain level of income.

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Definitions:

Reactivity

The tendency of a person or system to be affected by external stimuli or conditions.

Type A Personality

A characteristic of one's personality marked by intense competition, self-driven stress, and a perpetual feeling of haste.

Stress

A physical, mental, or emotional strain or tension resulting from adverse or demanding circumstances.

Experiencing Stress

The feeling of being overwhelmed or unable to cope with mental or emotional pressure.