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The majority of American workers are employed in the service sector of the economy.
Production Possibility Frontier
A plot that displays the extreme production possibilities for two goods, based on an array of resources and additional factors.
Resources Efficiency
The optimal use of resources to achieve the desired outcome with minimal waste, maximizing the effectiveness of resource utilization.
Technology Improvement
Enhancements or upgrades in technology that increase efficiency, productivity, or quality of outputs.
Production Possibility Frontier
Graphical representation illustrating the maximal output options for two goods, determined by specific resources and other influential factors.
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