Examlex
The principle of diminishing marginal utility means that,when Sarah eats pizza,her satisfaction from the second slice of pizza is probably _____ that from the first.
Interest Rate
The cost, in terms of a percentage of the principal, levied by a lender on a borrower for asset usage.
Supply of Loanable Funds
The supply of loanable funds is the total amount of capital available for borrowers to secure, typically originating from savings in the economy, and forming the basis for interest rates determination.
Interest Rate
The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal, per period of time.
Human Capital
The economic value of a worker's experience and skills, including education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.
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