Examlex
The National Occupational Classification is an excellent source for getting occupational facts.
Decreasing Opportunity Costs
A situation in which the opportunity costs of resources decrease as more of a good is produced.
Increasing Opportunity Costs
A situation where increasing production of one good requires larger and larger sacrifices in the production of another good due to limited resources.
Unemployment Rate
The ratio of the complete labor pool that is jobless yet is in active pursuit of employment and prepared to work.
Opportunity Cost
The loss of potential gain from other alternatives when one alternative is chosen over others.
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