Examlex
Which of the following would not account for the observed wage differential between African Americans and whites in the United States?
Normal Good
A type of good for which demand increases when consumer income increases, and decreases when consumer income decreases, assuming all other factors remain constant.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Quantity
The amount or number of a material or immaterial good considered as a unit or in total.
Corn Seed
The seed of the corn plant, used for planting to produce corn crops; an essential agricultural product.
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