Examlex
What was Empress Catherine II's response to the Pugachev rebellion, a massive uprising by the long-oppressed serfs of Russia in 1773?
Technological Advances
Innovations and improvements in technology that enhance efficiency, productivity, and the quality of goods and services.
Trade-Off
The concept of giving up one benefit or advantage in order to gain another regarded as more favorable.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision, reflecting the potential benefits one misses out on when choosing one option over another.
Bowed Outward
Describes a curve on a graph, typically a production possibility frontier, indicating increasing opportunity costs when shifting resources between two goods.
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