Suppose You Are Considering Buying Stock in the Stock Market

question 153

Multiple Choice

Suppose you are considering buying stock in the stock market, and your objective is to maximise your net worth.Furthermore, your study of the market reveals that the economy will be slowing down over the next several months.Under these conditions, it would be best to purchase stock in companies that produce________.

• A)normal goods.
• B)luxury goods.
• C)inferior goods.
• D)price elastic goods.

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Definitions:

Generalize

To make a general statement or concept by inferring from specific cases.

Sufficient

Adequate to achieve a goal or meet a requirement without the need for more.

False Alternative

An informal fallacy involving presenting two options as the only possibilities when, in fact, more options exist.

Fallacy Of Context

A logical fallacy where the context of an argument is ignored or altered to make an unrelated point seem relevant.