Examlex
When an office nurse asks the patient to repeat information that he has just given to the patient over the telephone, the nurse is:
Absolute Advantage
The capability of a country or individual to produce more of a good or service with the same amount of resources as competitors.
Opportunity Cost
The price paid for not selecting the next most favorable opportunity when deciding.
Production Possibilities Frontier
A curve that depicts all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.), assuming all are used efficiently.
Labor Force
The total number of people employed and unemployed, actively seeking employment in an economy.
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