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In 4-year-old Amanda's preschool class, the group discussion involved airplanes.After that, Amanda considered herself an expert on airplanes and believed she knew everything there was to know about airplanes, even though she was unable to provide a reasonable explanation about how she knew what she knew.In this example, Amanda is demonstrating
Minimum Wage
The lowest legal salary that employers can pay workers, set by government policy to ensure a minimum standard of living for employees.
Unemployment
The state of being without a job despite actively looking for employment, often measured by the unemployment rate, which is the percentage of the labor force that is jobless.
Theory
A systematic ideology or framework that explains phenomena, based on a significant body of evidence.
Gini Coefficient
The Gini Coefficient measures income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality).
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