Giffen Goods

question 253

Multiple Choice

Giffen goods

• A)are theoretical and have never been discovered in the real world.
• B)have not existed since prior to the Industrial Revolution.
• C)were proven to exist in the 1890s by Sir Robert Giffen.
• D)were not shown to actually exist until 2006.

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Definitions:

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA, that carry genetic information.

Human Body Cell

The basic structural, functional, and biological unit of all known living organisms, specialized to perform tasks essential for the body's development and maintenance.

Genome

The full set of genes that are the instructions to make an individual member of a certain species.

Genes

Units of heredity made up of DNA that influence the development and functions of an organism.