The United States Has Historically Been Linked with the Model

question 51

True/False

The United States has historically been linked with the model called "Social Market Economy."

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Definitions:

Specialization

The process of focusing efforts and resources on a limited range of activities, goods, or services to gain efficiency or expertise.

Opportunity Cost

Declining the opportunity for potential benefits from a range of alternatives upon selecting one.

Cell Phones

Portable telecommunication devices that allow users to make voice calls and access various digital services over cellular networks.

Herring

A type of fish that is widely consumed globally, known for its silver color and presence in various cuisines.