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Research on Piaget's cognitive-developmental theory indicates that
Production Possibilities Curve
A graph that shows the different quantities of two goods that an economy can produce with fixed resources and technology.
Human Economic Wants
Desires that require resources to satisfy, emphasizing the economic aspect of needs and desires.
After-Tax Income
The amount of net income left after all taxes have been deducted.
Consumption
The use of goods and services by households or individuals for personal or collective needs and satisfaction.
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