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The average temperature dropped by nearly three degrees Fahrenheit over the course of the eighteenth century.
Endowed
Provided with a large amount of a particular resource or quality, often referring to natural resources, wealth, abilities, or characteristics given to individuals or places.
Competitive Equilibrium Price
The price at which the quantity of goods demanded equals the quantity of goods supplied, in a perfectly competitive market.
Utility Function
A utility function is an economic model representing satisfaction or preference a consumer derives from consuming goods and services.
Initial Endowment
The original allocation of resources, such as wealth or goods, that an individual or entity starts with.
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