Examlex
The principle of ________ gives the federal government the power to override any state or
Local law in one particular area of policy.
Marginal Utility
The further benefit or pleasure derived by consuming an additional unit of a given good or service.
Weekly Income
The total amount of money earned or received by an individual or household over the course of a week.
Budget Line
A graphical representation of all possible combinations of two goods that can be purchased with a given budget.
Budget Constraint
A budget constraint represents the combinations of goods and services that a consumer can purchase given their income and the prices of those goods and services.
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