In Economic Terminology, a Normal Good Is a Good

question 251

Multiple Choice

In economic terminology, a normal good is a good

• A) on which a monetary value cannot be placed.
• B) that is liked only by normal people.
• C) for which demand increases when price increases.
• D) for which demand increases when income increases.

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Definitions:

Blood Alcohol Content

The measurement of the amount of alcohol in an individual's bloodstream, used to assess intoxication level.

Ethanol

A volatile, flammable, colorless liquid alcohol, commonly used as a fuel additive, in thermometers, and as the intoxicating ingredient of alcoholic beverages.

Telescoping

An accelerated progression towards addiction, observed in some individuals, particularly women, once they start engaging in addictive behaviors.

Illicitly-Manufactured

Used to describe substances or goods produced and distributed without legal authorization, often referring to drugs.