Identify the Truthfulness of the Following Statements

question 61

Multiple Choice

Identify the truthfulness of the following statements.
I. For normal goods, the income and substitution effects work in the same direction.
II. Some normal goods are Giffen goods.

• A) Both I and II are true.
• B) Both I and II are false.
• C) I is true; II is false.
• D) I is false; II is true.

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Definitions:

Pain

An unpleasant sensation and emotional experience associated with actual or potential tissue damage, or described in terms of such damage.

Lactulose Solution

A synthetic sugar solution used as a medication to treat constipation and hepatic encephalopathy.

Constipation

A condition characterized by difficulty in passing stool or an infrequent passage of hard stool.

PO

Latin term "per os" used in prescriptions, indicating that the medication is to be taken orally.