Robert Brym Relates an Anecdote About a High School Model

question 12

Multiple Choice

Robert Brym relates an anecdote about a high school model parliament in which he was unable to motivate his schoolmates to undertake political protest. His anecdote underscores the difficulties bound up in creating which of the following?

• A) school discipline
• B) democratic government
• C) collective action
• D) economic development

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Definitions:

Income Effect

The change in an individual's or economy's income and how that change affects the quantity demanded of a good or service.

Substitution Effect

The change in consumption patterns due to a change in relative prices, holding the consumer's overall utility constant.

Income Effect

The Income Effect describes how changes in an individual's income affect their purchasing capacity and thus their demand for goods and services.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, opposite to normal goods.