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What are the basic stages of moral development for Confucianism?
Production Possibilities
A graphical representation showing the maximum quantity of goods and services that can be produced using limited resources to the fullest extent.
Opportunity Cost
The act of losing potential gains available through other choices upon selecting one option.
Rancher
A person who owns or manages a ranch, where livestock such as cattle or sheep are raised for meat or wool.
Production Possibilities
A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.
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