Examlex
You have a jar of 160 nuts and 130 bolts, and you dump this into a can that has 145 bolts and 15 nuts. How many nuts and bolts are now in the can?
Budget Constraint
The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.
Luxury
Goods or services that are considered non-essential but desirable and associated with high-quality and high price.
Defensive Medicine
The practice by healthcare providers of ordering tests, treatments, or procedures to protect themselves from potential malpractice lawsuits, rather than to benefit the patient.
Overconsumption
The excessive use of resources or consumption of goods beyond what is sustainable or environmentally sound.
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