Which of the Following Is Most Likely to Be an Inferior

question 93

Multiple Choice

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

• A) gold watches
• B) ocean cruises
• C) used clothing
• D) steak

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Definitions:

Exchanging Favors

The act of giving and receiving services, goods, or benefits among individuals or groups, often informally to maintain social bonds or strategic relationships.

Forming a Coalition

The process of bringing together multiple parties or groups with a common interest to achieve a specific goal or address a collective issue.

Legitimize

To make something legal, acceptable, or recognized according to laws or rules.

Ingratiate

The act of making oneself more desirable or acceptable to another person or group, often through flattery or trying to please them.