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CAPITAL MARKET: A financial market that trades bonds, stocks, or any other long-term financial instruments used by businesses to raise funds. The term "capital" comes from the notion that business commonly get their funds to finance investment in capital from these markets. Compare money market.
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Lesson 9: Consumer Demand | Unit 3: Marginal Utility
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Page: 13 of 22
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Topic:
Getting Satisfied
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An explanation to understand the law of diminishing marginal utility: - The key terms here are satisfaction and fulfillment.
- The first hour fills Edgar's beach frolicking void somewhat, but not completely.
- The third and fourth hours at the beach also add to Edgar's total enjoyment, but not as much as the first and second.
- Eventually, with the sixth or seventh hour, Edgar's beach merriment want (or need) has been totally satiated.
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EXPLICIT LOGROLLING The straightforward, unambigous trading of votes to ensure a favorable outcome for two or more separate decisions. Commonly practiced in legislative bodies, explicit logrolling occurs when each of two voters agree to cast separate votes for two separate programs. The contrast is with implicit logrolling in which two separate programs or policies are combined into a single package, which is then subject to a single vote. Whether explicit or implicit, logrolling is generally used when neither decision is able to obtain the necessary majority of the votes needed for passage on their own accord.
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PINK FADFLY
[What's This?]
Today, you are likely to spend a great deal of time browsing about a thrift store seeking to buy either a desktop calendar with all federal and state holidays highlighted or a half-dozen helium filled balloons. Be on the lookout for pencil sharpeners with an attitude.
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This isn't me! What am I?
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More money is spent on gardening than on any other hobby.
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"Act well at the moment, and you have performed a good action for all eternity." -- Johann Kaspar Lavater
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NEDO
National Economic Development Office
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