Examlex
Any discarded solid or liquid material that meets one or more of the following four criteria is referred to as ________ waste: 1)contains a toxic,carcinogenic,or mutagenic compound at levels that exceed EPA safety standards; 2)catches fire easily; 3)is reactive or unstable enough to explode or release toxic fumes; and 4)corrodes metal containers.
Available Technology
The current state of technological advances and machinery available to businesses for production purposes.
Opportunity Cost
The cost of the next best alternative foregone when making a decision.
Production Possibilities Frontier
A graph that shows the combinations of two goods that an economy can produce using all available resources and technology efficiently.
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