Examlex
What type of authority is associated with tribal and feudal societies?
WARP
Stands for the Weak Axiom of Revealed Preference, a criterion used in consumer choice theory to assess whether observed choices are consistent with rational behavior.
Wine
An alcoholic beverage made from fermented grapes or other fruits, with a rich history and variety depending on grape type, soil, climate, and winemaking techniques.
Pizza
A popular dish of Italian origin consisting of a usually round, flattened base of leavened wheat-based dough topped with tomatoes, cheese, and often various other ingredients.
Weak Axiom
A principle in consumer choice theory stating that if a consumer prefers bundle A over bundle B when both are available, then the consumer should not prefer B over A when prices change but A and B remain affordable.
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