Examlex
Explain the core principles in the Code of Fair Information Practices.
Money Circulating
The total volume of money within the economy that is actively used for transactions, trading, and other financial activities.
Rational Behavior
In economics, it refers to making decisions that maximize an individual's benefit while minimizing costs, based on preferences and available information.
Economic Analysis
A methodical strategy for deciding the best way to allocate limited resources, which includes evaluating multiple options to reach a particular goal within established assumptions and limitations.
Marginal Changes
Marginal changes describe small adjustments to a variable's quantity or level, analyzing the effects of these adjustments on an overall system.
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