Examlex
The story of Oskar Schindler provides an interesting personal example of moral development. In Schindler's case, his change in motivation from one of profit to one of saving lives represents a change that Kohlberg would say moves from ____ thinking to ____ thinking.
Demand Curve
A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.
Consumer Equilibrium
A state where an individual has allocated their income in a way that maximizes their utility, given the prices of goods and services and their preferences.
Indifference Curves
Graphical representations in microeconomics that show different bundles of goods between which a consumer is indifferent.
Maximize Utility
The process of allocating resources to obtain the highest possible satisfaction or utility.
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