Examlex
Which of these is most likely to promote high performance by African-American children on intelligence tests?
Irrational Decisions
Choices made by individuals that contradict the best outcome from a rational point of view, often influenced by biases or lack of information.
Mental Accounting
The psychological process by which individuals classify, organize, and perceive their monetary resources and expenses.
Values
In economics, values refer to the importance or worth that is attached to goods or services, influencing their price and demand in the market.
Implicit Costs
The opportunity costs that are not directly paid for in dollars but represent the loss of benefits from the next best alternative when resources are not used in their best alternative use.
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