Examlex
Which of the following terms best describes the process of adapting to a second culture?
Weak Axiom
In the context of consumer theory, the Weak Axiom of Revealed Preference (WARP) suggests that if a consumer chooses a bundle of goods A over bundle B when both are affordable, then they should not choose B when A is still affordable.
Revealed Preference
A theory that determines consumer choice based on the idea that preferences can be understood by observing consumer behavior and choices.
Insurance Agent
A professional who sells, solicits, or negotiates insurance for compensation.
Salary Increase
An upward adjustment to an employee's base compensation.
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