Examlex
Abstinence-only programs have been found to successfully reduce the probability of teens engaging in sexual activity
Utility Function
A utility function is an economic model that relates the satisfaction or utility a consumer derives from consuming specific quantities of goods and services.
Whisky Consumption
It refers to the amount of whisky that is consumed over a given period of time, indicating the demand for this specific alcoholic beverage.
Rawlsian Social Welfare Function
A concept based on John Rawls' theory of justice, prioritizing the well-being of the least advantaged members of society in the allocation of resources.
Utility
In economics, utility is a measure of the satisfaction or happiness that a consumer derives from consuming goods and services.
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