Examlex
One cubic meter of water at 20°C is dropped from a vertical height of 100
m. If the change in potential energy is converted into heat with an efficiency of 100% and this thermal energy is used to heat the water, what is its final temperature?
Wage Flexibility
The ability of wages to adjust to changes in market conditions, including the supply and demand for labor.
Price Flexibility
The ease with which prices can adjust in response to changes in supply and demand in the market.
Say's Law
A principle that asserts that supply creates its own demand, meaning production of goods will naturally lead to their consumption.
Income
Funds acquired frequently, either from performing work or via investment profits.
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