Which of the Following Is Most Likely to Be an Inferior

question 109

Multiple Choice

Which of the following is most likely to be an inferior good?

• A)airline travel
• B)restaurant meals
• C)a subscription to the Wall Street Journal
• D)soft drinks
• E)used clothing

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Definitions:

Unemployment Rate

The slice of the labor pool that is not working but is seeking employment actively.

Discouraged Workers

Individuals not actively seeking employment due to believing no jobs are available for them or there are none for which they would qualify.

Discouraged Workers

People who have stopped looking for employment due to a belief that their job search efforts will not yield success.

Cyclically Unemployed

Individuals who have lost their jobs due to downturns in the business cycle or economic recessions, as opposed to structural factors.