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Which sociological theory suggests that global economic processes benefit some nations over others?
Behavioral Economics
A field of study that analyzes the effects of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions.
Status Quo
The existing state of affairs or current condition, typically used to describe situations before any changes are made.
Fairness
A concept involving impartial and just treatment or behavior without favoritism or discrimination, often considered in ethical, legal, and social contexts.
Behavioral Economics
A branch of economics that examines how psychological, emotional, cognitive, cultural, and social influences impact the economic choices made by individuals and institutions.
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