Examlex
Wages are low in poor countries because _____
Decision-making Process
A sequence of steps that leads from identifying a problem to arriving at a decision and its implementation.
Modified Solution
An adapted or altered approach designed to solve a problem more effectively after considering new information or circumstances.
Anchoring And Adjustment Heuristic
A cognitive bias where an individual relies too heavily on an initial piece of information (anchor) to make subsequent judgments or decisions.
Readily Available
Something that is easily accessible or obtainable without much effort or delay.
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