【每日一练】CFA 一级（2015年）

Question：

Which of the following statements with respect to Giffen and Veblen goods is least accurate?

A. Giffen goods are "inferior," whereas Veblen goods are "high-status" goods.

B. Both types of goods violate the fundamental axioms of demand theory.

C. Both types of goods demonstrate the possibility of a positively sloping demand curve.

Answer = B 

Veblen goods violate the fundamental axioms of demand theory, whereas Giffen goods do not.

CFA Level I

"Demand and Supply Analysis: Consumer Demand," Richard V. Eastin and Gary L. Arbogast

Sections 6.4, 6.5

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