Examlex
Which one of the following is generally considered a characteristic of a perfectly competitive labor market?
A Priori
Knowledge or justification that is independent of experience, typically involving logical reasoning or deduction.
Cognitive Misers
A theory suggesting individuals prefer to minimize mental effort in decision making and problem solving, relying on heuristics and shortcuts.
Observing Behavior
The act of watching or noting the actions of individuals or groups for the purpose of analysis or study.
Attribution Theory
The view that people act as intuitive scientists when they observe other people’s behavior and infer explanations about why those people acted the way they did.
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