What Is a Normal Good

question 146

Multiple Choice

What is a normal good?

• A)It is a good whose income elasticity of demand is less than zero.
• B)It is a good whose demand will rise as income rises.
• C)It is a good that has many substitutes.
• D)It is a necessity.

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Definitions:

Title VII

A provision of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.

Civil Rights Act of 1964

is landmark U.S. legislation that outlawed discrimination based on race, color, religion, sex, or national origin, significantly advancing civil rights in America.

Americans with Disabilities Act

A legal statute designed to prevent discrimination towards people with disabilities, encompassing employment, education, transport, and any location, both public and private, accessible to the public.

Age Discrimination in Employment Act

A federal law that prohibits employment discrimination against persons 40 years of age or older.