Examlex
When there is a high degree of association between an action and an outcome, the order in which the action and the outcome occurred is irrelevant to the question of causality.
Utility Function
A mathematical representation that quantifies the satisfaction or happiness an individual derives from consuming goods and services.
Budget Constraint
A budget constraint represents the limits imposed on household choices by income, wealth, and commodity prices.
Income
Earnings acquired regularly through employment or investment returns.
Nuts
Edible seeds or fruits with a hard shell and a kernel that is eaten or used in cooking.
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