Examlex
How is neurological development related to working memory in adolescence?
Behavioral Economics
A field of economic research that examines the effects of psychological, cognitive, emotional, cultural, and social factors on economic decisions.
Rational
In economics, refers to individuals making decisions that will provide them with the greatest benefit or satisfaction given their limited resources.
Budget Constraints
The limitations on a consumer's ability to purchase goods and services based on their income and the prices of goods and services.
Preferences
Describes individuals' choices and priorities among different bundles of goods and services.
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