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Explain why a person who is more optimistic might be more likely to recognize opportunities than a person who is less optimistic.
Production Possibilities Curve
A curve showing the different combinations of two goods or services that can be produced in a full-employment, full-production economy where the available supplies of resources and technology are fixed.
Foreign Aid
Economic, technical, or military assistance given by one country to another for purposes of relief and redevelopment, economic stabilisation, or mutual defense.
Surplus Labor
The portion of the labor force that exceeds the amount of labor needed to produce a given level of output, often leading to unemployment.
Capital-Saving Investment
Investments made to increase efficiency or reduce the capital required for production without reducing output.
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