Assume That the Consumer Is Correctly Applying the Rational Spending

question 160

Multiple Choice

Assume that the consumer is correctly applying the rational spending rule for normal goods X and Z.If the consumer's income increases,purchases of both X and Z rise because

• A) the marginal utility of X decreases.
• B) the price of Z falls.
• C) the marginal utility of Z decreases.
• D) combinations of X and Z that could not be considered before are now available.
• E) the price of X increases.

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Definitions:

Hegemony

The dominance of one group over others, often exemplified through cultural, economic, or political means and the consent of the dominated groups.

Multiculturalism

A policy or doctrine that promotes the presence and acceptance of diverse cultural traditions within a society.

Real Culture

The actual behavior patterns, traditions, and norms practiced by a society, as opposed to idealized beliefs or rules.

Cultural Imperialism

The imposition of one culture's beliefs, practices, and artifacts on another culture through media and consumer products rather than by direct military force.