Examlex
The fair distribution of benefits and burdens refers to _____.
Indifference Curves
Graphical representations of different bundles of goods among which a consumer is indifferent, showing levels of utility that are equivalent to the consumer.
Transitivity
In decision theory, the principle that if a person prefers option A to option B and prefers option B to option C, then the person should prefer option A to option C.
Intersect
The point at which two or more lines or curves meet or cross each other.
Marginal Rate
Generally refers to the additional or incremental rate applied to an additional unit of some activity, such as the rate of tax applied to the next dollar of income.
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