Examlex
Which of the following would be entitled to unemployment compensation?
Revealed Preference
A theory that determines consumer preferences based on observing their choices and behavior, assuming consistency in their decision-making.
Prices
The monetary value assigned to goods and services, determining the terms of exchange in a market.
Bundles
Combinations of goods and services offered together as a single package, often at a discounted price.
Weak Axiom
A principle in consumer theory that if a consumer prefers bundle A over bundle B when both are affordable, they will not choose B over A when income or prices change, holding everything else constant.
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