Examlex
The mental shortcuts that people use to make judgments quickly and efficiently are called __________.
Wage Rate
The pay a worker gets for each unit of time or output produced.
Power Cords
Electrical cables specifically designed to connect an appliance or device to the main electricity supply, enabling it to operate.
Median Earnings
The middle value of income distribution, where half of the population earns more and half earns less.
Labor Market
The supply and demand for labor, where employers seek to hire workers, and individuals offer their work for wages.
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