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For each historical identification question, define the term and briefly describe its historical significance.
Huguenots
Budget Constraint
The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.
Equation
A mathematical statement that asserts the equality of two expressions, typically represented with the symbol "=".
Choice Set
The collection of all possible options available to a decision-maker in a given scenario.
Clothing
Wearing apparel created from various fabrics and materials, intended to cover the body and protect it from environmental elements.
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