Examlex
A classic study by Cialdini (1976) and colleagues on people's reactions to their college sports team showed that:
Opportunity Cost
The cost of forgone alternatives when one option is chosen over another.
Outboard Motors
Engine units mounted externally on the rear of a boat, providing propulsion through the water.
John Maynard Keynes
A notable British economist whose theories substantially modified the framework of macroeconomics and influenced the economic decision-making of governments.
Scarcity
A fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.
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