-In the Above Figure, as Brendan's Income Rises His Consumption

question 21

Multiple Choice

-In the above figure, as Brendan's income rises his consumption bundle moves from point A to point B. This implies that for Brendan, compact discs are ________ good and haircuts are ________ good.

• A) a normal; an inferior
• B) a normal; a normal
• C) an inferior; an inferior
• D) an inferior; a normal

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Definitions:

Great Compromise

An agreement made during the Constitutional Convention of 1787 that in part established a two-house legislature, combining elements of both proportional and equal representation.

Republic Ideology

The political doctrine that supports a form of government where representatives are elected by the people, and there is an emphasis on the rule of law.

American Revolutionaries

Refers to the colonists of the Thirteen American Colonies who rebelled against British control during the late 18th century, leading to the American Revolutionary War.

French and Indian War

The North American conflict (1754-1763) between British and French forces, including their respective Native American allies, part of a larger series of conflicts known as the Seven Years' War.