Examlex
How many different 4-letter radio-station call letters can be made if the first letter must be K or W, repeats are allowed, but the call letters cannot end in an O?
Overallocation of Resources
A situation where resources are distributed or utilized excessively in one area at the expense of others, leading to inefficiency.
Rising Health Care Costs
The increase in the price of services and goods within the healthcare sector over time, affecting consumers, insurers, and government budgets.
Real Wages
Wages adjusted for inflation, representing the purchasing power of income earned from work.
Fringe Benefit
Additional compensation provided to an employee beyond their regular salary, such as health insurance, pension plans, and paid time off.
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