Jane Is a Utility-Maximizing Consumer Who Is Spending Her Entire

question 128

Multiple Choice

Jane is a utility-maximizing consumer who is spending her entire budget on the optimal quantity of wallets and eyeglasses.The price of wallets falls.Jane will _____ her consumption of wallets if wallets are a(n) _____ good and (because) the income effect _____ the substitution effect.

• A)decrease;inferior;is weaker than
• B)increase;inferior;is stronger than
• C)increase;normal;reinforces
• D)decrease;normal;reinforces

---

Definitions:

Functionalism

A sociological perspective that interprets each part of society in terms of how it contributes to the stability of the whole society.

Essentialism

The belief in and the practice of recognizing inherent and immutable traits that are believed to define particular categories of people or things.

Biological Differences

Variations in physiological, genetic, and morphological characteristics among individuals or between sexes, races, or species.

Gender Inequality

The unequal treatment or perceptions of individuals based on their gender, manifesting in various aspects of society such as employment, education, and politics.