Examlex
Individual discrimination,rather than institutional discrimination,is the reason that minority group members are less likely to be given a mortgage.
Value Judgment
An assessment based on personal views, ethical standards, or aesthetics, rather than on measurable or objective criteria.
Deduction
An amount that is subtracted from someone's gross income, reducing the taxable income and thus the amount of tax owed.
Induction
A reasoning process that involves making generalizations based on specific observations or instances.
Microeconomics
The study of economic behavior and decision-making in small units, such as households and firms.
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