In economic terminology, an inferior good is a good
A) that no one will purchase.
B) that doesn't work properly.
C) that has no monetary value.
D) for which demand increases as income decreases.
Answer: D
Economics
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What will be an ideal response?
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Using the expenditure approach, "gross private domestic investment" is the sum of:
a. newly produced capital goods. b. fixed investment. c. changes in business inventories. d. all of these.
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What impact would easy entry have on the profitability of oligopolies?
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The major protection against sudden mass attempt to withdraw cash from banks is the:
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