Examlex
Which of the following would count as an objection to Nell's argument that famine deaths violate people's right not to be killed unjustifiably although they are the unintended, uncertain, and not immediate consequences of the actions of many?
Normal Good
A category of product that sees a rise in demand as the consumer's income grows, indicating a direct correlation between income levels and demand.
Backward-Bending
Refers to the backward-bending supply curve of labor, indicating that beyond a certain wage level, labor supply decreases as income and substitution effects impact workers' willingness to work.
Endowed
Provided or supplied with a particular talent, quality, or asset.
Budget Line
A graphical depiction of all possible combinations of goods that can be purchased with a given budget at specific prices.
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