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While Gabe was growing up, his father would get angry and yell and throw objects at the wall. As an adult now, Gabe also yells and throws objects when he gets angry. Gabe learned these behaviors through
Technological Improvements
advancements or enhancements in technology that increase productivity, efficiency, or utility in various processes or products.
Production Possibility Frontier
A curve that depicts the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.
Production Possibilities Frontier
A diagram representing the full range of optimal production outcomes for a pair of commodities, given certain resources and factors.
Efficient Allocation
An economic condition where resources are distributed in a manner that maximizes the net benefits to society.
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