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Normal Good in Economics: Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

As income rises, people purchase:

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1. If someone lost their job, they would most likely purchase more:

2. Which of the following are examples of normal goods?

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About This Quiz & Worksheet

This quiz takes a look at what we tend to buy when we have the means. Topics you'll need to know to pass the quiz include understanding what people purchase as income rises as well as knowing what someone would likely purchase if he or she lost a job.

Quiz & Worksheet Goals

Use this worksheet and quiz to review:

  • Types of normal goods
  • What is purchased as income rises
  • Products sought after a pay raise
  • Items sought when having lost a job

Skills Practiced

Important skills you'll work on include:

  • Interpreting information - verify you can read information regarding what is purchased as income rises and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about the types of normal goods
  • Distinguishing Differences - compare and contrast topics from the lesson, such as normal and inferior goods

Additional Learning

The lesson, Normal Good in Economics: Definition & Examples, will help you:

  • Describe what makes an inferior good
  • Identify the common types of normal goods we can buy
  • Learn the role of income in choosing a normal good over an inferior one
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