A Negatively-Sloped Engel Curve Implies a Marginal Good

question 92

True/False

A negatively-sloped Engel curve implies a marginal good.

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Definitions:

Goal-directed Behaviour

describes actions that are motivated by an intention to achieve a specific outcome or objective.

Motivation

The inner drive or process that energizes, guides, and maintains behavior towards achieving a goal.

Voluntary Behaviour

Actions that are under conscious control, as opposed to reflexive or involuntary actions.

Expectancy-value Models

These models explain how the expectations of success and the value of goals affect motivation and decision-making.