Incorrect If the Demand for a Good Increases When Incomes

question 95

True/False

Incorrect. If the demand for a good increases when incomes rise and decreases when incomes fall, the good is called a normal good. See 3-2: Demand

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Definitions:

Collectivists

describes individuals or cultures that prioritize the group over individual interests, emphasizing community, cooperation, and interdependence.

Anal Fixation

A stage in Freudian psychoanalytic theory where an individual fails to progress beyond the anal stage of psychosexual development, leading to personality traits such as obsessiveness or stinginess.

Anal Expulsive

A term from Freudian psychoanalysis referring to a personality type that emerges from an unorganized and lenient approach to toilet training, often resulting in a messy, careless, or defiant character.

Oedipus Complex

A conflict of the phallic stage in which the boy wishes to possess his mother sexually and perceives his father as a rival in love.