1. For most products, purchases tend to fall with decreases in buyers' incomes. Such products are known as ( )
1. Inferior goods or giffen goods
2. Direct goods.
3. Average goods.
4. Normal goods or superior good
2. “We have to decrease our dependence and consumption of fossil oil” is a----------- statement whereas “our decreased dependence and consumption of fossil oil will decrease our footprint on the environment” is a ------------ statement.
1. Positive & True
2. Normative & Positive
3. Negative & Positive
4. Positive & Normative