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What were the political, social, economic, and/or cultural consequences of this item: the National Labor Relations (Wagner) Act (July 5, 1935)?
Instructions:
-Identify each item. Give an explanation or description of the item. Answer the questions who, what, where, and when.
-Explain the historical significance of each item. Establish the historical context in which the item exists. Establish the item as the result of or as the cause of other factors existing in the society under study.
Efficiently
Achieving maximum productivity with minimum wasted effort or expense.
Production Inefficiency
A situation where resources are not utilized in the best possible manner, resulting in wasted potential output.
Production Possibility Frontier
A graphical representation that shows the maximum combination of two goods or services that can be produced within a given time period, given available resources and technology.
Economic Growth
A growth in an economy's ability to generate goods and services when comparing two different time periods.
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