Examlex
Which of the following statements regarding socioeconomic status (SES) and ethnicity is NOT true?
Substitute Goods
Products or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.
Federal Tax
Taxes imposed by the federal government on income, sales, imports, estates, and gifts, among others, to fund national programs and services.
Demand for Marijuana
The desire for and quantity of marijuana that consumers are willing and able to purchase at various prices.
Market
Any institution or mechanism that brings together buyers (demanders) and sellers (suppliers) of a particular good or service.
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