If Your Income Increases and Your Consumption of a Good

question 41

Multiple Choice

If your income increases and your consumption of a good increases, for you that good is considered:

• A) negative.
• B) positive.
• C) inferior.
• D) normal.

---

Definitions:

NYSE

An abbreviation for New York Stock Exchange, one of the largest securities exchanges in the world.

Money Market Instrument

Short-term debt instruments, often with high liquidity and low risk, used by companies and governments to manage their finances efficiently.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories.

Treasury Note

Debt obligation of the federal government with original maturity between 1 and 10 years.