Examlex
A ____ value is sometimes referred to as a single-precision number.
Technological Improvements
advancements or enhancements in technology that increase productivity, efficiency, or utility in various processes or products.
Production Possibility Frontier
A curve that depicts the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.
Production Possibilities Frontier
A diagram representing the full range of optimal production outcomes for a pair of commodities, given certain resources and factors.
Efficient Allocation
An economic condition where resources are distributed in a manner that maximizes the net benefits to society.
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