Examlex
What is the single biggest item in international trade?
Indifference Curve
A graph representing combinations of goods or services among which a consumer is indifferent, showing the same level of utility for each point along the curve.
Utility Level
An assessment of contentment or joy obtained by a customer from using products and services.
Oreos
A brand of popular sandwich cookies consisting of two chocolate wafers with a sweet cream filling.
Ordinary Goods
Products or services whose demand increases when consumer income rises, and falls when consumer income decreases.
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