Examlex
In Harry Harlow's research with monkeys raised with surrogate mothers, the infant monkeys were given a choice of being raised in either a cage with a metal surrogate mother that had a source of milk or being raised in a cage with a soft terrycloth surrogate that had no milk supply.
Money Income
The total amount of monetary earnings or receipts received by an individual or household from various sources before taxes.
Utility-Maximizing
Utility-maximizing is a principle in economics where individuals or entities choose the options that provide the highest satisfaction or utility from the available choices, given their preferences and constraints.
Substitute Goods
Products or services that can be used in place of each other. When the price of one falls, the demand for the other product falls; conversely, when the price of one product rises, the demand for the other product rises.
Consumer Behavior
The analysis of how consumers' preferences and economic decisions affect the demand for goods and services.
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