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In episode 7 of the 10th season of The Big Bang Theory, Sheldon and Amy discuss the history of Buridan's ass (renamed donkey), and its application to their lives. Amy resolves the paradox (of Sheldon desiring to live in different apartments) by creating a more desirable option by engaging Sheldon in a discussion of the theory and its history.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
In economics, money illusion, or price illusion, is a cognitive bias where money is thought of in nominal, rather than real terms. In other words, the face value (nominal value) of money is mistaken for its purchasing power (real value) at a previous point in time.
Donkey Kong is regarded as the first game to use graphics to tell a story, [261] which GamesRadar+ said provided an unprecedented level of narrative depth. [251] Donkey Kong Country 's pre-rendered graphics featured a level of detail unprecedented in console games at the time, [262] [263] and inspired many imitators. [28]
Economic Theory is a peer-reviewed academic journal that focuses on theoretical economics, particularly social choice, general equilibrium theory, and game theory. Mathematically rigorous articles are also published in the fields of experimental economics , public economics , international economics , development economics , and industrial ...
Economic freedom, or economic liberty, is the agency of people to make economic decisions. This is a term used in economic and policy debates as well as in the philosophy of economics . [ 1 ] [ 2 ] One approach to economic freedom comes from the liberal tradition emphasizing free markets , free trade , and private property .
The Sam Vimes "Boots" theory of socioeconomic unfairness, often called simply the boots theory, is an economic theory that people in poverty have to buy cheap and subpar products that need to be replaced repeatedly, proving more expensive in the long run than more expensive items.
In economics, the lump of labour fallacy is the misconception that there is a finite amount of work—a lump of labour—to be done within an economy which can be distributed to create more or fewer jobs.