Inferior Goods May Also Be Referred to as

question 12

Multiple Choice

Inferior goods may also be referred to as

• A)countercyclical goods.
• B)cyclical goods
• C)substitutes.
• D)anti-luxury goods.

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Definitions:

Self-Directed

Capable of making decisions and guiding one's actions by oneself without external influence or direction.

Creative

Characterized by the ability or power to create, often manifesting in original ideas, art, solutions, or innovations.

Progression Principle

In fitness and training, the concept that the intensity and volume of exercise should increase gradually over time to continue to gain benefits.

Maslow's Theory

A psychological theory of human motivation that suggests individuals are motivated to fulfill basic needs before moving on to higher level needs, arranged in a hierarchy.