Because She Knows That Saving ____________________ Is an Important Value

question 40

Short Answer

Because she knows that saving ____________________ is an important value in her Japanese counterpart's culture, Laurie understands why her Japanese colleague avoids saying no to her offer.

---

Definitions:

Normal Good

A normal good is one for which demand increases as the income of consumers increases.

Optimal Consumption

The consumption mix that provides the highest satisfaction or utility level to an individual, given their income and prices.

Indifference Curve

A graphical representation of different bundles of goods between which a consumer is indifferent, showing levels of utility.

Indifference Curves

Graphs representing different combinations of two goods that provide the same level of utility or satisfaction to a consumer.