Although Some of the Statements Below Are True of Both

question 88

Multiple Choice

Although some of the statements below are true of both normal goods and inferior goods, only one of the statements defines a normal good.Which one?

• A)Normal goods are those for which the demand curve slopes downward.
• B)Normal goods are those for which indifference curves slope downward.
• C)Normal goods are those whose demand curves shift rightward when income increases.
• D)Normal goods are those whose indifference curves shift rightward when income increases.
• E)Normal goods are those for which demand decreases when price increases.

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Definitions:

Mental Age

A measure of an individual's intellectual development as compared to the average intellectual capacity of individuals in the same age group.

IQ

An abbreviation for Intelligence Quotient, a measure of a person's intellectual capabilities in relation to their age group.

Heredity

The passing of traits from parents to their offspring, either through asexual reproduction or sexual reproduction.

Cultural Bias

The tendency to interpret or judge human behavior and cultures based on the norms and values of one's own culture.