Examlex
An employer can legally use a job application form to collect information about an applicant's Social Security number and proof of citizenship.
Price of Orange
Refers to the cost to purchase a single unit or a specified amount of oranges in a given market.
Substitution Effect
The economic principle that as prices rise or income decreases, consumers replace more expensive items with less costly alternatives.
Normal Goods
Goods for which demand increases as consumer income rises, and decreases when consumer income falls.
Interest Rate
The cost of borrowing money or the return on investment, expressed as a percentage, charged by lenders to borrowers for the use of their money.
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