Economists Know That a Particular Good Can Be Classified as an Inferior

question 49

Multiple Choice

Economists know that a particular good can be classified as an inferior good if a(n) ________ in buyers' income causes a(n) ________ .

• A) increase; increase in demand
• B) increase; increase in quantity demanded
• C) increase; decrease in demand
• D) decrease; decrease in demand

Understand the impact and legacy of Barry Goldwater's conservative movement.

Comprehend the tone and implications of John Kennedy's inaugural address.

Recognize the philosophy and impact of civil rights protests, including the Greensboro sit-in.

Analyze the purpose and outcomes of Freedom Summer and the effects of the 1965 Voting Rights Act.

---

Definitions:

Economic Decline

A period where an economy experiences a decrease in its overall output or economic activity.

Middle-Class

A socioeconomic group that falls between the working class and the upper class, typically characterized by moderate income, education, and a certain level of economic security.

Social Mobility

The ability of individuals or families to move within or between social strata in a society, impacting their economic and social position.

Pecking Order

A hierarchy of status seen among members of a group of people or animals, often dictated by power, rank, or social standing.