Examlex
Which of the following is NOT one of the three contingencies of effective leadership?
Ordinal Utility
A concept in economics that describes how consumers rank different bundles of goods, reflecting preferences in terms of order rather than quantifiable satisfaction.
Cardinal Utility
A concept in economics that assumes utility can be measured in absolute numbers, allowing for quantifiable comparisons between satisfaction levels.
Market Baskets
A set of consumer products or services used to track price changes and inflation over time.
GDP Per Capita
A measure of a country's economic output that accounts for its number of people, providing an average economic well-being indicator.
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