Examlex
A net gift occurs when a donor makes a gift subject to the agreement that the recipient agrees to pay the gift tax.
Economic Agents
Individuals, households, firms, and governments that make decisions about the allocation of resources and interact in markets.
Clear Preferences
The state of having distinct and definite likes or choices, which can be consistently ranked or ordered by an individual or a group.
Basic Economic Theory
Fundamental principles of economics that explore how resources are allocated, goods and services are distributed, and wealth is created and transferred.
Reference Point
The point from which an individual makes a consumption decision.
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