Examlex
What is the term for the determination of traits by a combination of both genetic and environmental factors,in which a genotype provides a range within which a phenotype may be expressed?
Budget Line
A visual depiction showing all the different pairs of two products that can be bought within a certain budget at particular price levels.
Market Baskets
A set of goods or services used as a standard for comparing purchasing power or cost of living in different locations.
Completeness
In economics, completeness refers to a property of preferences indicating that any two bundles of goods can be compared, allowing for decisions on which is preferred or if they are equally desirable.
Transitivity
A principle in decision making that if option A is preferred over B, and B is preferred over C, then A should be preferred over C.
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