Examlex
A two-digit alphabetic code has many more different combinations of symbols than a two-digit numeric code.
Juliet
A fictional character from Shakespeare's tragedy "Romeo and Juliet," symbolizing young love and tragic romance.
Social Welfare Function
A theoretical framework in economics that represents preferences over social states or outcomes, aiming to aggregate individual utilities into a measure of collective welfare.
Pareto Optimum
A distribution of resources in which it is not feasible to rearrange in a way that improves one person's situation without detrimentally affecting at least another individual's standing.
Utility Possibilities Frontier
A graph that shows the maximum amount of utility that can be achieved by different individuals or groups from a fixed set of resources.
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