It Is Possible for a Consumer to Satisfy the Weak

question 25

True/False

It is possible for a consumer to satisfy the weak axiom of revealed preference but violate the strong axiom of revealed preference.

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Definitions:

Values

A set of beliefs or ideas developed throughout an individual’s life which are important to him or her and are likely to predict the type of career the individual will enjoy.

Interest Inventories

Tests widely used in counseling and career assessment which evaluate a client’s interest, provide a wealth of knowledge of a client’s likes or dislikes, and gain insight into an individual’s personality.

Stereotypical Prototypes

Oversimplified and generalized representations or images of particular groups of people, often based on limited information or biases.

Holland

Refers to Holland's Theory of Career Choice, which categorizes people and work environments into six types to aid in career decision-making.