Examlex
What is a problem that is commonly experienced by individuals in midlife who are obese, have cardiovascular disease or who are depressed?
Revealed Preferred
Another term for revealed preference, emphasizing the process of deducing preferences by observing actual choices under constraints.
Violates WARP
Deviating from the Weak Axiom of Revealed Preference, indicating inconsistencies in consumer choice under the assumption of rational behavior.
Bundle
A combination of goods or services sold together as a single package, often for a price lower than the sum of their individual costs.
Initial Endowment
An economic term for the total amount of resources an individual, entity, or economy has available at the start.
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