Goods That Are Similar but Are Not Perfect Substitutes Are

question 244

Multiple Choice

Goods that are similar but are not perfect substitutes are called ________ goods.

• A) differentiated
• B) homogeneous
• C) normal
• D) inferior

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Definitions:

Active Listening

The process of fully concentrating, understanding, responding, and remembering what is being said.

Giving Approval

The act of formally agreeing to or endorsing a plan, action, or idea.

Empathy

Identification with or sensitivity to another person’s feelings and problems.

Assertiveness

A communication style in which individuals express their thoughts and feelings in a direct, honest, and appropriate way.