Which of the Following Statements Is True

question 66

Multiple Choice

Which of the following statements is true?

• A)Disclaimers are clues that a product may not meet your expectations or the manufacturer's claims.
• B)Anyone who earns a nutrition degree from a 4-year college can refer to himself or herself as an RDN.
• C)Scientific evidence supports the effectiveness of most forms of alternative health care.
• D)A person with a PhD who promotes drinking vinegar as the cure for lung cancer is practicing conventional medicine.

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Definitions:

Income Elasticity

A measure of how much the demand for a product or service changes in response to changes in consumer income.

Inferior Good

A type of good for which demand decreases as the income of individuals increases, opposite to normal goods.

Normal Good

A good for which demand increases when income increases, and falls when income decreases but price remains constant, showing a direct relationship between income and demand.

Income Elasticity

A measure of how much the demand for a good or service changes in response to a change in consumers' income levels.