If Macaroni and Cheese Is an Inferior Good, an Increase

question 460

Multiple Choice

If macaroni and cheese is an inferior good, an increase in income will

• A) not affect the demand for macaroni and cheese.
• B) decrease the demand for macaroni and cheese.
• C) increase the demand for macaroni and cheese.
• D) create no income effect.

---

Definitions:

Welfare State

A government system that provides social security and welfare services to its citizens, aiming to ensure a minimum standard of living.

FDR's Economic Bill Of Rights

A proposal made by President Franklin D. Roosevelt in 1944 to guarantee economic rights for all Americans, including employment, housing, and healthcare.

Veteran Support

Programs, benefits, and services provided to military veterans by governments, non-profits, and other organizations, recognizing their service and assisting in their reintegration into civilian life.

Government Provision

The distribution or supply of resources, services, or benefits by the government to its citizens.