Examlex
An isopycnal water column is one in which the density ____ with depth.
Initial Endowment
In economic theory, refers to the initial quantities of various assets or goods that an individual or entity possesses.
Competitive Equilibrium
A market state where supply equals demand, and no economic actors have the incentive to change their behavior.
Demand Equals Supply
A market equilibrium condition where the quantity of a good or service demanded by consumers equals the quantity supplied by producers.
Numeraire
A unit of account or standard measure in economics used to compare the value of goods or services.
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