Examlex
A survey was administered to high school seniors in Anytown. According to the survey results, fewer than 5 of them drove drunk in the previous 6 months. However, Anytown police records indicate that more than 15 Anytown seniors were arrested for driving drunk in the previous 6 months. Based on this information, the survey has:
Utility Function
A mathematical representation of how a series of choices align with an individual's preferences, showing satisfaction levels among various sets of goods and services.
Consumption
The consumption of products and services by families.
Income
The monetary payment received for goods or services, or from other sources, as rents or investments.
Interest Rate
The percentage of a sum of money charged for its use, which reflects the cost of borrowing or the return on savings.
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