Examlex
The relationship between the number of applicants hired and the total number of applicants available is called a selection ratio.
Legal Limit
The maximum or minimum boundary set by law, such as for speed on roads, alcohol consumption, or transaction amounts.
Foreign-Produced Shoes
Shoes that are manufactured outside of one's home country.
Tariff
A tax imposed on imported goods, usually to protect domestic industries or to generate revenue.
Economic Efficiency
A condition in which resources are allocated in such a way that maximizes the net benefit to society, ensuring that goods and services are produced and distributed in the most cost-effective manner.
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