A Normal Good Is One in Which

question 340

Multiple Choice

A normal good is one in which

• A) the average consumer chooses to consume at a normal level.
• B) the average consumer chooses to consume the good over other similar goods.
• C) an increase in income increases consumption of the good.
• D) an increase in income decreases consumption of the good.

---

Definitions:

Group Polarization

The tendency of groups to make more extreme decisions than what their members first considered.

University Degree

A qualification awarded to students by a college or university after the successful completion of a course of study.

Professors

Senior teachers at colleges or universities who are experts in their field, responsible for lecturing, researching, and guiding students in their academic pursuits.

Social Loafing

The occurrence where people put in less effort while working as part of a group than they do when working independently.