Examlex
A distribution of scores in which almost the entire class scored very low,but a few students scored fairly high would be ______.
Full Employment
An economic condition where all available labor resources are being used in the most efficient way possible, typically signifying a very low unemployment rate.
Productive Efficiency
A state where an economy or firm produces goods or services at the lowest possible cost, using all resources effectively.
Production Possibilities Curve
A graph that shows the various combinations of outputs that a society can produce given the available factors of production and technology.
Specialization
The process of focusing on a narrow area of expertise or production, enhancing efficiency and skill through the division of labor.
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