Examlex
If the demand for a good falls when income falls,then the good is called a(n)
Screening
The process of evaluating or examining something to ascertain its condition or identify the presence of something.
Signals
Actions or indicators that convey information or intentions in various contexts, such as economics, where they can indicate future behavior or trends.
Reputation
A long-term standing in the public regard that serves to reassure others that private information is not being concealed; a valuable asset in the face of adverse selection.
Diversification
The strategy of allocating investments or resources among various financial instruments, industries, or other categories to reduce risk.
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