Examlex
A psychology instructor studying the effects of the order of test items on test scores gave half the class a test in which the item order reflected the order in the textbook. The other half received the same questions in random order. What was the dependent variable in this experiment?
Production Possibility Frontier
A curve depicting all maximum output possibilities for two goods, given a set of inputs representing resources or other constraints.
Specialization and Trade
The practice where individuals or entities focus on the production of specific goods or services to trade for others, increasing efficiency and consumer choice.
Terms of Trade
The proportion between a country's export price index and its import price index.
Snow Boards
Not an economic term, likely refers to snowboards, which are equipment used for snowboarding.
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