Examlex
Selecting the best option in the decision-making process is
Equitable
Fair and impartial treatment or distribution, often in the context of socio-economic policies.
Excess Supply
When the quantity supplied of a good exceeds the quantity demanded.
Excess Demand
When the quantity demanded of a good exceeds the quantity supplied.
Utilities Possibilities Frontier
A graphical representation that shows the maximum amount of two different utilities that can be achieved with a given set of resources.
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