Examlex
What is the formula for investment in an open economy?
Utility Function
A mathematical representation in economics that quantifies the satisfaction or happiness that a consumer derives from consuming goods and services.
Budget Constraint
The limitations on the purchase capabilities of an individual or entity, based on their available income and the prices of goods and services.
Income
The amount of money received by an individual or entity in exchange for labor or services, through investments, or from any other sources.
Nuts
Typically refers to dry, edible seeds or fruits with a high fat content, but in economics or general usage, it might not have a specialized meaning beyond its common understanding.
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