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Suppose that efficiency wages become more common in the economy.Imposing efficiency wages
Mere Exposure
A psychological phenomenon by which people tend to develop a preference for things merely because they are familiar with them.
Conservation
The act of preserving, protecting, or restoring the natural environment and wildlife.
Egocentrism
A cognitive bias that causes an individual to interpret the world from their own perspective, often failing to understand others' viewpoints.
Infantile Amnesia
The phenomenon where adults are unable to recall memories from early childhood, typically before the age of 3 or 4.
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