Examlex
A manager based in New York who is given a foreign assignment in Tokyo would most likely receive a significant cost-of-living allowance.
Completeness
In decision theory, the idea that every set of choices can be ranked in an order of preference, allowing for a consistent choice under different scenarios.
Indifference Curve
A graph representing combinations of goods among which a consumer is indifferent, reflecting their preferences and utility.
Utility
In economics, the satisfaction or benefit derived by consuming a product or service; a measure of preferences over some set of goods and services.
Budget Line
A graphical representation of all possible combinations of two goods that an individual can afford with a given income and prices.
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