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Identify the central concepts and propositions in labeling theory, and evaluate the extent to which it is supported by empirical research.
Cardinal Utility
A concept in economics that assumes utility can be measured in absolute numbers, allowing for quantifiable comparisons between satisfaction levels.
Market Baskets
A set of consumer products or services used to track price changes and inflation over time.
GDP Per Capita
A measure of a country's economic output that accounts for its number of people, providing an average economic well-being indicator.
Happiness
A state of well-being and contentment, often considered as an aim of human life.
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