Examlex
When bored,child listening drifts.
Pooling Equilibrium
An outcome where market participants with different characteristics choose indistinguishable actions, making it impossible to differentiate between them based on their choices.
Microeconomics
The branch of economics that studies individual agents and markets, their interactions, and the outcomes of these interactions.
Wage Cut
A decrease in the amount of wages that employees earn.
Productivity
The effectiveness of productive effort, as measured in terms of the rate of output per unit of input.
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