Consider a Two-Good World,with Commodities X and Y

question 110

Multiple Choice

Consider a two-good world,with commodities X and Y.Which of the following statements is correct?

• A) Both X and Y must be normal goods.
• B) If good X is a normal good, good Y must be an inferior good.
• C) If good X is an inferior good, good Y must be a normal good.
• D) Both good X and good Y can be inferior goods.

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Definitions:

Genetic Influences

Factors in an individual's development and behavior attributable to genetic inheritance from their parents.

Genetic Component

The part of a physical or behavioral trait that is influenced by one's genetic makeup.

Extraversion Introversion

Relates to a personality trait spectrum where individuals may either derive energy from social interactions and external activities (extraversion) or from solitary activities and internal contemplation (introversion).

Extraverts

Individuals who are outgoing, socially confident, and thrive on interactions with others in social settings.