Examlex
A person would take a(n) ____________________ test to measure his or her potential for success in a given profession.
Permanent Incomes
Refers to the average annual income an individual expects over their lifetime, considering various stages of their career and life.
Standard Of Living
A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation.
Marginal Utility
The extra pleasure or benefit gained by consuming one more unit of a product or service.
Utilitarian
A normative ethical theory that posits the best action is the one that maximizes utility, generally defined as maximizing happiness and reducing suffering.
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