Examlex
For each cart of books that Spencer reshelves in the prison library,he receives a chip.He is allowed to collect chips and then trade them in for candy,extra recreation time,or visitation
Time.The prison uses a token economy,which is a method of
Decision-Making Units
Groups or individuals within an organization that have the authority and responsibility to make choices that affect organizational outcomes.
Positive Economics
An approach to economics that seeks to understand behavior and the operation of systems without making judgments. It describes what exists and how it works.
Normative Economics
An approach to economics that analyzes outcomes of economic behavior, evaluates them as good or bad, and may prescribe courses of action. Also called policy economics.
Inflation
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
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