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Prune Juice Corp.reported the following data on their 2017 financial statements: To two decimals, the accounts receivable turnover for 2017 is
Terms of Trade
The ratio of export prices to import prices. It shows how much import goods a country can buy for each unit of export goods it sells.
Production Possibilities
A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.
Economic Efficiency
Economic efficiency occurs when resources are optimally allocated to serve the needs of a society without any waste.
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