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TABLE 2-12
The table below contains the opinions of a sample of 200 people broken down by gender about the latest congressional plan to eliminate anti-trust exemptions for professional baseball.
-Referring to Table 2-12, of those for the plan in the sample, ________ percent were females.
Exchange Equilibrium
A situation in a market where the quantity demanded by consumers is equal to the quantity supplied by producers, leading to a stable price.
Marginal Rates
Rates that apply to the next level of consumption, production, or income, often used in taxation to refer to the percentage of tax applied to the next dollar earned.
Indifference Curves
Graphical representations used in microeconomics to show different combinations of two goods that provide the same level of utility or satisfaction to an individual.
Contract Curve
In economics, the locus of points representing the set of mutually beneficial (Pareto optimal) allocations of goods or resources between two or more individuals.
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