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Explain the difference between active and passive sex offender notification laws.
Consumer's Income
The sum of money a consumer can spend on products and services.
Budget Line
A visual depiction of every potential combination of two products that can be bought within a specific budget at fixed prices.
After-Tax Income
The amount of net income remaining after all taxes (federal, state, local) have been deducted from the gross income.
Consumption
The act of using goods and services to satisfy needs and wants.
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