An Inferior Good Is Likely to Be A(n) _______ Good

question 18

Multiple Choice

An inferior good is likely to be a(n) _______ good that people _______ .

• A) cheap; don't like much
• B) expensive; like a lot
• C) expensive; don't like much
• D) luxury; must have

---

Definitions:

Psychosocial Development

Erik Erikson's theory that individuals pass through eight developmental stages, each involving a specific psychosocial conflict that contributes to personality development.

Psychosocial Development

A concept introduced by Erik Erikson, referring to the growth and development of the individual’s psyche in and interaction with their social environment.

Initiative

A willingness to take charge or begin actions independently.

Guilt

An emotional state that arises from the realization or belief that one has committed an error, offense, or violated a moral standard.