Examlex
A change in a bond's price caused by which one of the following is defined as the dollar value of an 01?
Violates WARP
Refers to a situation where an individual's choice behavior contradicts the Weak Axiom of Revealed Preferences, suggesting inconsistency in their preferences.
Bundle
A combination of goods or services that are sold or consumed together.
Revealed Preferred
Another term for revealed preference, emphasizing the process of deducing preferences by observing actual choices under constraints.
Violates WARP
Deviating from the Weak Axiom of Revealed Preference, indicating inconsistencies in consumer choice under the assumption of rational behavior.
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