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Describe both the positive and negative effects of the Columbian Exchange on the New and Old World.
Bank Tellers
Employees at financial institutions who deal directly with customers, handling routine banking transactions.
Substitute
A product or service that can replace another, offering consumers an alternative choice.
Imperfect Competition
Imperfect competition describes a market structure where the conditions necessary for perfect competition are not met, including markets with monopolies, oligopolies, and monopolistic competition.
Marginal Productivity Theory
An economic principle that explains how the amount of extra output gained by employing an additional unit of input declines as more of that input is used.
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