Examlex
During ad breaks in TV programs, some viewers change channels to avoid commercials. This practice is known as:
Sum of Utilities
The aggregate measure of satisfaction or benefit that individuals get from consuming goods and services.
Liberalism
The political philosophy according to which the government should choose policies deemed just, as evaluated by an impartial observer behind a “veil of ignorance”.
Sum of Utility
The total satisfaction or benefit derived from consuming a particular set of goods or services.
Income Inequality
Refers to the uneven distribution of income and wealth across the different participants in an economy.
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