Examlex
Average Variable Cost can always be expressed as the ratio of the price of labor to the Average Product of Labor.
Therapeutic Situation
An environment or setting designed for the purpose of providing psychological treatment and support, often facilitating communication and emotional healing.
Bias
A tendency to lean in a certain direction, often to the detriment of an open-minded assessment, stemming from personal judgement, experience, or preference.
Confirmation Bias
The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.
Availability Heuristic
A cognitive shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.
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