Examlex
Discuss the different responsibilities of federal and state criminal justice operations.
Output
The total amount of goods and services produced by an economy or a production process.
Guns And Butter
A term used in economics to represent the trade-off between a nation's investment in defense and civilian goods.
Increasing Opportunity Cost
A situation where producing more of one good or service leads to a larger increase in foregone production of another good or service.
Economic Growth
The increase in the inflation-adjusted market value of the goods and services produced by an economy over time, typically measured as the percent rate of increase in real GDP.
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