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2、“The Giffen good may logically exist in a one-man world, but not in the market.”  Defend this statement.
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本期答案:
There is no logical flaw at all to say in a one-man world Giffen good exists, in the sense that an inferior good may exist to the point where the indifference curves of an individual bear the characteristics of a Giffen good.  There is no market price in a one-man world, but relative opportunity costs or constraint changes may in logic lead to a Giffen good result.  The same may be said of an individual in society who chooses not to participate in the market.

However, for a good that is actually transacted in the market, a Giffen good cannot logically exist because someone will bid the price so high that the good will not be traded in the market.




请各位同学根据公布的答案给自己客观地打分,不必在此公布,做到心里有数就可以了。以10分为满分,5分为合格,7分为良好,9分为优秀。以后做完100条题目之后,如果平均分可达6分,即达到张五常教授硕士时的水平;如果平均分可达8分,即达到张五常教授博士时的水平。
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