Examlex
Match the person or term with the with the correct description.
-Monroe Doctrine
Equilibrium Price
The price at which the quantity of goods demanded equals the quantity of goods supplied, leading to market stability.
Ineffective
Not producing the intended or desired effect.
Economic Cost
The total cost of choosing one action over another, including both direct costs and any lost opportunity costs.
Utility
The satisfaction or benefit derived from consuming goods and services.
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