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:

Thomas Jefferson

An American Founding Father, the principal author of the Declaration of Independence, and the third President of the United States.

Circumstances

The conditions or facts affecting a situation, event, or action.

Own Choices

Decisions made independently by an individual, based on personal preference or judgment.

Myers-Briggs Test

A psychological assessment that categorizes individuals into personality types based on their preferences in perceiving the world and making decisions.