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A doctor wanted to learn about the use of preventive health care services among low-income men .She conducted a survey in the waiting room of the clinic where she workeD .This type of sample is called
Budget Line
A visual chart showing every potential mix of two products that one can buy with a specific amount of money at constant prices.
Goods
Tangible items that satisfy human wants or needs, and that can be transferred from one person to another.
Income
The income earned, particularly consistently, from employment or investment returns.
Ordinal Utility
A concept in economics that describes how consumers rank different bundles of goods, reflecting preferences in terms of order rather than quantifiable satisfaction.
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