Examlex
All of the following arguments have been used against special education for children who are gifted EXCEPT
Marginal Rate
Often used in context as marginal rate of substitution or marginal rate of transformation, indicating the rate at which one good can be substituted for another or one output can be exchanged for another in production without altering the overall level.
Substitution
The economic principle describing how consumers replace more expensive items with less costly alternatives.
Indifference Curves
Graphs showing different bundles of goods between which a consumer is indifferent, highlighting preferences.
L-shaped
Can refer to a type of economic recession and recovery that resembles the shape of the letter "L", indicating a steep decline followed by a period of stagnation.
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