Examlex
Which type of study is a subset of one of the other types?
Diminishing Marginal Utility
The decrease in satisfaction or benefit from consuming each additional unit of a good or service.
Utilitarian Argument
A principle in ethics and economics that advocates for actions that maximize happiness or well-being for the largest number of people.
Minimum Wage Law
Legislation establishing the lowest hourly rate that employers can legally pay their employees.
Income Distribution
The way in which a country's total economic output is divided among its population, or the share of national income earned by each quintile or group of the population.
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