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Nora and Miles Are Studying for an Exam

question 88

Multiple Choice

Nora and Miles are studying for an exam.Nora makes flash cards to memorize new terms and repeatedly reads them to herself.Miles links new terms to the ones he already knows
Based on their meanings.Nora is using ________ and Miles is using ________ to learn the
Terms.


Definitions:

Economic Inefficiencies

Situations where resources are not used optimally according to consumer preferences, often leading to wasted resources or unmet demands.

Product Variety

Refers to the different types and variations of products available in a market or offered by a company.

Excess Capacity

A scenario where a firm’s production capability exceeds the demand for its product, often leading to inefficiency and increased costs.

Product Variation

The process of making slight adjustments to a product's features, design, or offerings to differentiate it from competitors’ products.

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