Examlex
A person who uses IQ tests to justify differential treatment of minority groups is basing his/her viewpoint in __________ theory
Entitlement
A right or benefit that is granted by law, social policy, or other formal means.
Private Goods
Goods that are excludable and rivalrous in consumption, meaning their use by one individual prevents use by another.
Normal Goods
Goods for which demand increases as the income of the buyer increases and decreases as the income of the buyer decreases, showing a positive correlation between income changes and demand.
Overallocation
The process of assigning more resources to a project or sector than is available or sustainable, leading to inefficiencies.
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