Examlex
Which of the following is an example of double counting?
Inferior Goods
Goods whose demand decreases when consumers' income increases. They are the opposite of normal goods, which see increased demand with higher income.
Income Increase
A rise in the amount of money received, especially by workers or businesses, over a specific period.
Demand Curve
A graph showing the relationship between the price of a good and the quantity of that good consumers are willing to buy.
Substitute
a product or service that can be used in place of another to satisfy similar needs or desires.
Q17: Teenagers are among those most adversely affected
Q25: Some support for public spending on higher
Q38: Refer to Education. The total cost of
Q42: Suppose that a year of life is
Q44: Property rights protection requires the use of
Q46: Which of the following is likely to
Q62: The principal costs a student incurs while
Q65: An actual deficit is the deficit that
Q68: Refer to Minimum Wage. As a result
Q82: Which is not an argument for restricting