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The behavioral sciences approach is based on which of the following disciplines?
International Trade
The exchange of goods, services, and capital between countries and territories, influencing global economic activity.
Adverse Selection
A situation where sellers have information that buyers do not, or vice versa, leading to transactions that benefit the more informed party.
Death Spiral
A term often used in insurance and pricing strategies to describe a situation where pricing adjustments lead to reduced participation or purchase, necessitating further price increases, and thus accelerating a decline in demand or viability.
Health Insurance
A type of insurance coverage that pays for medical and surgical expenses incurred by the insured as a part of a health care system.
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