Which of the Following Statements Is False

question 39

Multiple Choice

Which of the following statements is false?

• A) If the price of a good falls, the substitution effect will always induce the consumer to consume at least as much of the good as before the price change.
• B) All Giffen good are inferior goods.
• C) As the price of an inferior good increases, the income effect will induce the consumer to consume less of the good.
• D) As the price of a normal good falls, the income effect will result in an increase in consumption of the good.

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Definitions:

Work Design

The process of structuring work tasks, processes, and environments to optimize employee performance, job satisfaction, and outcomes.

Motivational Approach

Motivational approach refers to strategies or methods aimed at stimulating people's enthusiasm and determination to achieve their goals.

Job Satisfaction

An employee's overall sense of fulfillment and positivity experienced in their job role.

Personnel Utilization

The effective use of staff members within an organization to maximize productivity and efficiency.