Examlex
Explain how the introduction of an additional competitive market can always solve the efficiency problem that emerges from a positive externality.
Deductive Reasoning
A thought process wherein a verdict is reached through the consistency of numerous claims that are often regarded as correct.
Inductive Reasoning
An intellectual procedure where various propositions, all assumed to be true or generally true, are merged to derive a distinct outcome.
Confirmation Bias
The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses, while giving disproportionately less consideration to alternative possibilities.
Mindfulness
The state of being alert and mentally present for one’s everyday activities.
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