Examlex
Consider the statements below.Which one of them is TRUE?
Subsidy
is financial assistance provided by the government to individuals or groups to support an economic activity deemed beneficial.
Revealed Preferred
A concept in consumer choice theory that preferences can be determined by observing consumer choices under different constraints.
Violates WARP
Refers to a situation where an individual's choice behavior contradicts the Weak Axiom of Revealed Preferences, suggesting inconsistency in their preferences.
Bundle
A combination of goods or services that are sold or consumed together.
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