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Which of the following types of programs is not means tested and is created by government to socialize risk?
Production Possibilities Curve
A graph that shows the maximum number of possible units a company can produce if it only produces two types of goods.
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two goods, given a set of inputs, highlighting the trade-offs in production levels between two commodities.
Fully Employed Resources
A situation in which all available labor and capital resources are being used in the most economically efficient way.
Economic Growth
The increase in a country's output of goods and services over time, indicated by a rise in real GDP.
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