Examlex
The system and philosophy of juvenile justice that began in the United States during the social reform period of the late 19th century was based on the idea that the state should act as a(n) ____ in advancing the interest of the child.
Over-optimism
The tendency to overestimate the likelihood of positive outcomes in the future.
Consumer
An individual or group that purchases goods or services for personal use.
Perceived Budget Line
A graphical representation of all possible combinations of goods that a consumer can purchase with a given budget, based on their perception of available resources.
Equilibrium
A state in which economic forces such as supply and demand are balanced and in the absence of external influences, the values of economic variables will not change.
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