Examlex
What alleviated the shortage of copper coins during the Song and Tang periods?
Edgeworth Box
A diagram used in economics to show various distributions of resources and to analyze competitive equilibria between two agents with fixed resources.
Contract Curve
In microeconomics, it represents the set of optimal allocations of resources between two or more parties from an initial situation.
Pareto Optimal
A condition where resources are distributed in such a way that improving the situation of one person necessitates worsening the situation of another person.
Utility Function
Represents the relationship between the quantities of goods consumed and the level of happiness or utility derived from them.
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