A Normal Good Is Defined by Economists to Be a Good

question 95

Multiple Choice

A normal good is defined by economists to be a good

• A) with a negatively-sloped demand curve.
• B) that is purchased by at least 75 percent of the population.
• C) that is bought by consumers with normal tastes.
• D) whose demand increases when incomes increase.
• E) whose demand decreases when incomes increase.

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Definitions:

Nature/nurture Debate

The nature/nurture debate is an ongoing discussion in psychology and biology about the relative contributions of genetic inheritance (nature) and environmental factors (nurture) to human development.

Structuralism

An approach in psychology that analyzes the basic elements of thoughts and sensations to understand the structure of the mind.

Edward Titchener

A psychologist known for developing structuralism, emphasizing the introspective analysis of the human mind's structures.

Functionalism

is a perspective in sociology and psychology that emphasizes the functions of mental processes and societal institutions and how they serve to adapt individuals and societies to their environments.