Examlex
One of the purposes of formative assessment is to determine the final achievement for assigning grades.
Annual Earnings
The total amount of income earned over the course of a year from employment and other sources.
Geographic Imobility
The hindrance or inability of labor forces to move from one region to another in pursuit of job opportunities.
Market Imperfection
A situation where the assumptions of perfect competition are not met, leading to market failure.
Poor Information
A situation characterized by inaccuracies, unreliability, or incompleteness of data that affects decisions and outcomes.
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