Examlex
Which theory posits that environmental transmission of social development is horizontal (children-to-children) rather than vertical (parents-to-children) ?
Income Function
A mathematical representation that shows how an individual's or firm's income changes in relation to other factors, such as labor or capital investment.
Identical Expected Values
Situations where two or more uncertain alternatives have the same expected outcome or result.
Investment Opportunity
A financial or economic chance to invest capital with the expectation of achieving a profitable return.
Risk Averse
Condition of preferring a certain income to a risky income with the same expected value.
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