The model that economists use for illustrating the process of individual choice in a situation of scarcity is the sometimes also called the opportunity set, a diagram which shows what choices are possible.

consumption set
budget constraint
original budget
income cap

What are the five categories of my plate

How did loftus interpret false memories? a. because of their desire to whoever is asking them about their memories people will often go along with what they want to hear b. eyewitness memories becomes faulty when we make errors in identifying the source of information we have stored in long term memory c. we accept subsequent misinformation as being correct, and this information becomes part of our memory for the original event d. when we retrieve a memory for a particular event from long-term memory, we also retrieve information from other sources relevant to the event

What is another way name for bd? cf, bd, cf, be