When Two Goods Have Negative Cross Elasticities of Demand and Negative

question 184

Multiple Choice

When two goods have negative cross elasticities of demand and negative income elasticities, they are:

• A)​Normal and substitutes.
• B)​Normal and complements.
• C)​Inferior and substitutes.
• D)​Inferior and complements.

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Definitions:

Job Enlargement

The process of making a job more varied by adding more tasks of similar complexity to an employee's responsibilities.

Efficiency

The ability to accomplish a task or goal with minimum waste of resources, including time, energy, or materials.

Decision-making

The cognitive process of selecting a course of action from among multiple alternatives, often leading to a final choice.

Job Characteristics Model

A theory that suggests jobs can be designed to enhance employee motivation, satisfaction, and productivity based on five core job dimensions.