Examlex
The term dialectical thinking applies most closely to which concept based on Piaget's theory?
Completeness
In the context of preferences, the assumption that any two bundles of goods can be compared, meaning a consumer can decide if one is preferred, the other is preferred, or they are valued equally.
Transitivity
The concept in decision theory and economics that if preference or choice A is preferred to B, and B is preferred to C, then A must be preferred to C.
Marginal Rate
The additional cost or benefit associated with a small unit change in a variable or activity.
Indifference Curve
A graph representing combinations of two goods that provide the consumer with the same level of satisfaction, illustrating preferences.
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