If an Increase in the Price of Good X Leads

question 82

Multiple Choice

If an increase in the price of good X leads to an increase in the consumption of good Y,then goods X and Y are called:

• A) substitutes.
• B) complements.
• C) normal goods.
• D) inferior goods.

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Definitions:

Military Dictatorships

A form of government in which military officers control power, often coming to power through a coup d'état and ruling without democratic processes.

International Terror Attacks

Acts of violence carried out by individuals or groups that cross national boundaries to achieve their objectives.

Authority

The legitimatized power or right of an individual, entity, or institution to make decisions, command obedience, and enforce norms.

Legitimacy

The general perception or recognition by the public that an entity, organization, or system has a valid and rightful existence or authority.