Examlex
Explain how subprime mortgages work and why they led to a financial collapse.
Utility Maximizing
The act of choosing the combination of goods and services that maximizes a consumer's satisfaction or happiness with a given income.
Marginal Utility
The additional satisfaction or utility received by consuming one more unit of a good or service.
Soft Drinks
Non-alcoholic beverages that are usually carbonated and contain various flavorings and sweeteners.
Chips
Thin slices of potatoes, vegetables, or other foods, fried or baked until crispy, commonly served as a snack or side dish.
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