Examlex
Which of the following steps can minimize the energy a refrigerator uses?
Specialization
The process by which individuals, businesses, or countries focus on producing a narrow range of products or services to gain greater efficiencies.
Production Possibility Frontier
A curve depicting the maximum feasible combinations of two products that a society can produce with existing resources and technology.
Trade
The act of buying, selling, or exchanging goods and services between people, firms, or countries.
Trade
The exchange of goods and services between people or entities, often in the context of international markets.
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