Examlex
The doctrine of sovereign immunity can immunize a foreign nation from the jurisdiction of U.S. courts.
Opportunity Costs
The penalty of overlooking the next most advantageous option when a choice is made.
Efficient
Achieving maximum productivity with minimum wasted effort or expense.
Production Possibility Frontier
A graphical representation showing the maximum combination of goods and services that can be produced using all available resources efficiently.
Full Employment
A situation where all available labor resources are being used in the most economically efficient way.
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