Consider a Two-Good World,with Commodities X and Y

question 110

Multiple Choice

Consider a two-good world,with commodities X and Y.Which of the following statements is correct?

• A) Both X and Y must be normal goods.
• B) If good X is a normal good, good Y must be an inferior good.
• C) If good X is an inferior good, good Y must be a normal good.
• D) Both good X and good Y can be inferior goods.

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Definitions:

Human Factors Psychologists

Specialists who study how people interact with products, systems, and environments to improve safety, performance, and satisfaction.

Organizational Psychologists

Professionals who study and apply psychological theories and principles to the workplace, aimed at improving job performance, health, and well-being among employees.

Organizational Productivity

The measure of how efficiently and effectively a company or organization utilizes its resources to achieve its objectives.

Employee Turnover

The rate at which employees leave a workforce and are replaced by new employees, affecting organizational performance and continuity.