Examlex
What term do psychologists use to describe our tendency to search for evidence that supports our belief and to ignore evidence that might disprove it?
Vote Determination
The process by which decisions are made or leaders are chosen in a democratic system through the aggregation of individual votes.
Profit Maximization
The process or strategy of adjusting production and sale operations to achieve the highest possible profit.
Production Function
Describes the relationship between inputs used in production and the output generated from those inputs.
Output
The total amount of goods or services produced by a firm or economy over a specific period.
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