Examlex
Use birth rates, death rates, emigration rates, and fertility rates to explain a current example of the population dynamics in a nation's human population. Choose the nation you want to describe.
Weak Axiom
A principle in consumer choice theory stating that if a consumer prefers bundle A over bundle B when both are available, then the consumer should not prefer B over A when prices change but A and B remain affordable.
Revealed Preferences
A theory that determines preferences by observing consumer choices and behaviors rather than asking them directly.
Francs
A currency formerly used in France and other countries, replaced by the euro in many areas.
Strong Axiom
Often refers to the strong axiom of revealed preference, which is a more stringent condition than the weak axiom, ensuring choices are consistent across different sets of available options.
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