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The best-known state theory of hypnosis was proposed by _____, who argued that hypnosis causes a dissociative state or "split" in awareness.
Market Failure
A situation where the allocation of goods and services by a free market is not efficient, often due to externalities, monopolies, information asymmetries, or public goods.
Opportunity Cost
The value of the next best alternative foregone as the result of making a decision, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.
Leisure
Leisure refers to the time spent away from work, business, or compulsory activities, allowing for rest, recreation, or personal interests and activities.
Higher Wage
A wage level that is above the average or norm, often reflective of high skill levels, demand for specific labor, or union negotiations.
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