Examlex
A frequency of one hundred means the wave is vibrating one hundred million times per second; this is a typical carrier frequency for FM (frequency modulation) radio.
Misallocated
Describes resources or efforts that are used inefficiently or inappropriately, leading to suboptimal outcomes.
Perfectly Competitive
A market structure characterized by a large number of small firms, homogeneous products, and free entry and exit, leading to price takers rather than makers.
Worthless Coin
A coin that has lost its value as currency, often due to hyperinflation or being phased out of circulation.
Inefficient Exchange
Occurs when there is a missed opportunity in the allocation of goods or services that could make at least one individual better off without making anyone else worse off.
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