【每日一练】2014年CFA一级考生必看——经济学11966.pdf

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1、全球最大的 CFA(特许金融分析师)培训中心 总部地址：上海市虹口区花园路 171号 A3 幢高顿教育 电话：400-600-8011网址：微信公众号：gaoduncfa 1【每日一练】2014 年 CFA 一级考生必看经济学 A distinction between Giffen goods and Veblen goods is that:A)demand curves for Giffen goods slope upward,while demand curves for Veblen goods slope downward.B)the substitution effect is

2、 positive for a Veblen good but negative for a Giffen good.C)Giffen goods are inferior goods,while Veblen goods are not inferior goods.答案：C Giffen goods are inferior goods for which the quantity demanded decreases when the price decreases,because the negative income effect is larger than the positiv

3、e substitution effect.Veblen goods are goods for which the quantity demand increases when the price increases,such as a high-status good for which the consumer gains utility from being seen to consume the good.Giffen goods and Veblen goods,if they exist,have demand curves that slope upward over at least some range of prices.The substitution effect is positive for all goods.各位考生，2015 年 CFA 备考已经开始，为了方便各位考生能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，网校开通了全免费的高顿题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习，通过针对性地训练与模考，对学习过程进行全面总结。