Examlex
Discuss why 96% of low birthweight occurs in the developing world.Then,discuss what some countries in South America,Asia,and sub-Saharan Africa are doing to combat low birthweight.
Utility Function
A mathematical expression that measures a consumer's satisfaction or happiness from consuming various bundles of goods and services.
Laspeyres Price Index
An index that measures the change in the cost of purchasing a fixed basket of goods and services, using the prices of a base period.
Per Capita Income
A measure of the average income earned per person in a specified area over a defined period of time, often used as an indicator of economic health.
WARP
Weak Axiom of Revealed Preference, a theory in economics that assumes if a consumer prefers product A over B when both are available, then they will not choose B when A is available.
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