Examlex
Select the word or phrase that best matches the definition or example provided.
-An internal reform of the Catholic Church in the sixteenth century;thanks especially to the work of the Council of Trent (1545-1563) ,Catholic leaders clarified doctrine,corrected abuses and corruption,and put a new emphasis on education and accountability.
Income Effects
Changes in consumer's purchasing power and consumption patterns resulting from changes in income.
Marginal Rate of Substitution
The rate at which a consumer is willing to give up one good in exchange for another good while maintaining the same level of utility.
Contract Law
The body of law that governs the creation, enforcement, and interpretation of agreements between parties.
Marriage Contract
A legally binding agreement between spouses that defines their rights and obligations during the marriage and in the event of divorce.
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