Examlex
MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-Specifies the way data is represented on the disk and in RAM
Public Goods
Goods or services that are non-excludable and non-rivalrous, meaning they are available to all and not diminished by use.
Private Consumption
Spending by households and individuals on goods and services for personal use, excluding purchases by businesses or governments.
Pareto Optimal
A situation in which it is impossible to make any one individual better off without making at least one individual worse off.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.
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