Examlex
The Foreign Investment Review Agency (FIRA)was designed to ensure that foreign direct investment benefitted Canadians.
Numeraire
A standard unit of measurement in economics used to express prices or monetary values, making it easier to compare different goods or services.
Pareto Optimal Allocations
Situations where no reallocation can make someone better off without making someone else worse off in an economy.
Edgeworth Box
A diagram used in microeconomics to show the distribution of resources or the outcome of trade between two parties.
Utility Function
An economic tool that describes how consumers rank different bundles of goods according to the level of satisfaction or utility those bundles provide.
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