Which of the Following Types of Goods Would Have a Large

question 147

Multiple Choice

Which of the following types of goods would have a large income elasticity

• A)luxuries
• B)necessities
• C)substitutes
• D)complements

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Definitions:

Nonprofit Management Programs

Educational or training initiatives designed to improve the skills and knowledge of those running nonprofit organizations.

Business Schools

educational institutions specializing in teaching courses and programs related to business and management.

Public Affairs

Refers to the management of relationships between an organization and politicians, governments, and other public bodies.

Accountable

Refers to the obligation of individuals or organizations to account for their activities, accept responsibility for them, and disclose the results in a transparent manner.