Examlex
Which of the following commonly is a wife's response when her husband is laid off?
Income
Sums of money attained, usually on a fixed schedule, from work or investment undertakings.
Interest Rate
The proportion at which principal loaned money is repaid with interest to the lender over time, usually as an annual rate.
Utility Function
A mathematical representation that ranks individuals' or entities' preferences over a set of goods or outcomes.
Consumption
The act of consuming goods and services either by individuals or society as a whole, central to economic analysis of demand and spending.
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