Which of the Following Is Most Likely to Be an Inferior

question 54

Multiple Choice

Which of the following is most likely to be an inferior good?  

• A) new furniture 
• B) restaurant meals 
• C) a subscription to The Globe and Mail 
• D) bologna sandwiches

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Definitions:

NAAQS

The National Ambient Air Quality Standards, regulations that establish allowable concentration levels of pollutants in the air in the United States.

SIP

An acronym that can refer to several concepts, including Systematic Investment Plan, which allows investors to contribute small amounts periodically into a mutual fund.

EIS

An Environmental Impact Statement, a document prepared to describe the effects for proposed activities on the environment, often required for major projects to assess their environmental consequences.

Federal Agency

A government body in the United States created by the Congress to enforce laws and regulations in a specific area of responsibility.