Refer to the Accompanying Figure

question 92

Multiple Choice

Refer to the accompanying figure.  
 Suppose that James' initial budget constraint shifts from BC1 to BC2, and as a result, his best affordable bundle moves from point A to point B. According to this figure:

• A)spinach is an inferior good.
• B)potatoes are an inferior good.
• C)spinach and potatoes are substitutes.
• D)spinach and potatoes are complements.

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Definitions:

Individualists

Persons who prioritize personal goals and self-reliance over group goals and conformity to social norms and collective representations.

Immediate Reward

A reinforcement given instantly after a desired behavior, making it more likely that the behavior will occur again.

Company Loyalty

The dedication an employee feels towards their organization or the ongoing commitment of an individual to a business or company.

Work Rules

Established guidelines or procedures within an organization that dictate expected behaviors and actions of its employees.