Examlex
Identify and state the historical significance of the following:
-Judiciary Act of 1801
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.
Inversely Related
A relationship between two variables in which one increases as the other decreases, and vice versa.