A Good That People Buy Only to Make Them Look

question 10

Multiple Choice

A good that people buy only to make them look better than their neighbors is called a:

• A) show-off good.
• B) relative position good.
• C) conspicuous consumption good.
• D) McGood.

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Definitions:

Economic Mobility

The ability of an individual, family, or some other group to improve (or lower) their economic status—usually measured in income.

Poverty Line

A threshold set by an authority, distinguishing the minimum level of income required to meet basic living needs.

Poverty Line

The minimum level of income deemed necessary to achieve an adequate standard of living in a given country or geographic area.

Adequate Diet

A diet that provides all the essential nutrients, fiber, and energy in quantities and proportions that are sufficient to maintain health and well-being.