Examlex
The data in the following graph demonstrate that genetics rather than environment determines whether people exhibit alcoholism.
Opportunity Cost
Passing up on potential profits from a range of choices when one selection is made.
Decision-making Process
A series of steps taken by an individual or organization to determine the best action to achieve a particular goal.
Efficient Markets
Financial markets where prices fully reflect all available information.
Marginalism
The process of analyzing the additional or incremental costs or benefits arising from a choice or decision.
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