Examlex
Academic achievement is related to social class.
Preferences
The subjective tastes and priorities of consumers, influencing their choices among different goods, services, or outcomes.
Income
The total sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings received over a certain period of time.
Convex Preferences
A preference structure in consumer theory where combinations of goods are preferred over single goods, indicating a love for diversification.
Income
A measure of money received by an individual or household over a certain period of time, typically earned through work, investments, or other sources.
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