Examlex
Which of following statements about the mortality of the U.S. population is true?
Specialize
To concentrate on and become expert in a particular subject or skill.
Trade
The exchange of goods, services, or both between two or more parties, either within a country or internationally.
Production Possibilities Curve
A graph that shows the various combinations of outputs that a society can produce if all its resources are being used efficiently.
Trading Possibilities Curve
A graph that shows the maximum amount of goods a country can produce, given its resources, and hence the possible extents of trade with other countries.
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