Examlex
Results from a research study indicate that students who exercised just before studying had better scores on their exams than students who did not exercise before studying. For this study, the independent variable is exercise versus no exercise before study sessions.
Efficient Allocation
The optimal distribution of resources among competing needs or uses in a way that maximizes the net benefit achieved from those resources.
Exchange Economy
Market in which two or more consumers trade two goods among themselves.
Production Process
The series of steps or actions taken to transform inputs (like labor and materials) into final products or services.
Contract Curve
In economics, a curve that represents the set of optimal allocations of resources or goods for which both parties can be no better off with any other division.
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