Examlex
What term is used to describe an association of neighboring countries based on a free trade agreement, such as ASEAN in Southeast Asia?
Good X
A placeholder term that can refer to any commodity or product under consideration in an economic model or context.
Good Y
Typically refers to a variable representing a particular good or service in economic models.
Units
A standard measurement or quantity used to specify or measure, such as pieces, liters, or kilograms.
Utility Function
A mathematical representation of how different combinations of goods or services contribute to a consumer's satisfaction.
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