Examlex
Implementing the third normal form often involves creating more ________.
Pareto Optimum
A distribution of resources in which it is not feasible to rearrange in a way that improves one person's situation without detrimentally affecting at least another individual's standing.
Utility Possibilities Frontier
A graph that shows the maximum amount of utility that can be achieved by different individuals or groups from a fixed set of resources.
Production Possibilities
A curve or frontier that illustrates the maximum feasible amounts of two commodities that can be produced with available resources and technology.
Competitive Equilibrium
A state in a market where supply equals demand, and no economic agent has the incentive to change their behavior, leading to an efficient allocation of resources.
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