Examlex
Choose the one most appropriate response for each. Some letters may not be used.
-Imprinting
Pure Exchange Economy
An economic model where all agents are consumers, and the only economic activities are the consumption and exchange of goods, with no production.
Numeraire
A standard unit of account in which prices and values are expressed; it serves as a measure for comparing the worth of goods or services.
Endowed
Provided with a quality, ability, or asset.
Perfect Substitutes
Goods that can be used in place of each other with no loss of utility by the consumer.
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