Examlex
The first Africans to arrive in Virginia in 1619 were probably servants rather than slaves.
Budget Line
Displays combinations of products that a consumer can afford with a fixed budget, based on their prices.
Price Ratio
The relationship between the prices of two goods, indicating how many units of one good can be exchanged for one unit of the other.
Utility Ratio
The comparison of the utility (satisfaction) received from one choice relative to another.
Capital Goods
Physical assets used by businesses to produce goods and services, such as machinery, buildings, and equipment.
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