Examlex
Those citizens who protested imposition of the whiskey tax most vigorously were also very likely to be dissatisfied over the
Game-Theory Models
Mathematical models that analyze situations in which the outcome depends on the choices of multiple agents, each with their own preferences.
Interdependence
A relationship between entities where each is mutually reliant on the other, common in global trade, ecosystems, and social networks.
Kinked Demand Curve
A model used in economic theory that suggests prices have a tendency to remain stable because competitors will more likely match price decreases but not price increases.
Opec
The Organization of Petroleum Exporting Countries, an intergovernmental organization of oil-producing countries that coordinates and unifies petroleum policies.
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