Examlex
Search engines use software that combs the web to find webpages and add new data about them to the database.What is this software called?
Substitution
The act of replacing one thing with another, especially a similar item, in response to changes in market conditions or personal preferences.
Convex Preferences
In microeconomics, a condition where consumers prefer a mix of goods over having only one good, illustrated by a convex shape of their indifference curves.
Centered
In a general context, it means being in the middle or at the heart of something; in mathematics, it can refer to the process of adjusting data points or a distribution so that its mean equals zero.
Convex Preferences
Refers to a situation in economics where a consumer prefers a mix or combination of goods over having all of one good, demonstrating a desire for diversity in consumption.
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