Examlex
The crude death rate does not take into account the fact that the probability of dying is closely related to age.
Immigration Model
A theoretical framework used to analyze the movement of people across borders and its impact on economies, labor markets, and societies.
Wage Rate
The amount of money paid to an employee for a specified quantity of work, typically expressed on an hourly, daily, or piecework basis.
Optimal Level
The most favorable point, level, or condition for achieving a specific goal or maximizing a specific outcome under given constraints.
Marginal Benefit
The boost in satisfaction or utility experienced by a consumer when consuming an extra unit of a good or service.
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