Examlex
The basic argument for income inequality is that it is necessary if consumer satisfaction (utility)is to be maximized.
Unrepresentative Data
Data that does not accurately reflect the characteristics or distribution of the whole population or phenomenon it is supposed to represent.
Acceptance
The act of receiving or consenting to something offered or proposed, often implying agreement or approval.
Validity
The degree to which an idea, inference, or measurement is grounded in reality and aligns precisely with the actual world.
Decision
The act of making a choice among alternatives or forming an opinion after consideration.
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