Examlex
When Rudyard Kipling suggested that Americans "Take up the White Man's burden," what did he mean? How does this phrase express the goals of imperialism? Did the Americans have to be encouraged to become imperialistic?
Inferior Good
A type of good for which demand decreases when the income of consumers increases, inversely related to income changes.
Indifference Curves
Curves that represent the locus of various points indicating combinations of goods giving equal satisfaction and utility to the consumer.
Inferior Good
A category of product that sees reduced demand as the income levels of buyers rise.
Normal Good
A normal good is one for which demand increases as the income of consumers increases.
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