Examlex
If an infant is born with cerebral palsy from too little oxygen to the brain while in the uterus or during delivery, this disease is categorized as ________.
Neoclassical Economics
An approach in economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.
Behavioral Economics
A branch of economics focused on understanding how a range of factors, including psychological, cognitive, emotional, cultural, and social elements, influence the economic decision-making processes of both individuals and institutions.
Hedonic Treadmill
A concept suggesting that people consistently return to a relatively stable level of happiness despite major positive or negative events or life changes.
Richard Easterlin
An economist known for the Easterlin Paradox, which posits that people's happiness does not necessarily increase as their country's economy grows.
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