Examlex
Over which of the following products does the FDA not have jurisdiction to regulate?
Causation
A relationship where one event (the cause) directly leads to the occurrence of another event (the effect).
Ceteris Paribus
A Latin term used in economics to mean "all other things being equal," isolating one economic variable to analyze its effect.
Normative Economics
A branch of economics that expresses value judgments about economic fairness or what the economy ought to be like, focusing on policy prescriptions and outcomes.
Unintended Consequences
Outcomes that are not the ones foreseen or intended by a purposeful action, often contrasting with the action’s intended effects.
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