Examlex
In 2015,JP Morgan Chase announced that it was laying off 5,000 employees.The laid-off employees who were not able to find jobs at another bank due to a permanent decline in demand in the banking industry would be considered
Positive Economics
A branch of economics focused on the description and explanation of economic phenomena, as opposed to normative economics which prescribes policies.
Value Judgments
Assessments based on personal or societal preferences, beliefs, or ethics, as opposed to objective measurements.
Policy Alternatives
Various strategies or plans of action that policy-makers can consider and potentially implement to address specific public issues.
Scientific Study
A systematic and objective investigation conducted to acquire knowledge and understand natural phenomena through observation and experimentation.
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