Examlex
The bulk of aggregate demand in the United States consists of
Exports
Merchandise or services transferred for sale or exchange from one country to another.
Imports
Products or services that are imported into a country from overseas to be sold.
Production Possibilities Curves
A graphical representation showing the maximum quantity of goods and services that can be produced within an economy, given fixed resources and technology, when those resources are fully and efficiently utilized.
Opportunity Costs
The cost of forgoing the next best alternative when making a decision or choice.
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