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Table 2.1.1
The following table gives points on the production possibilities frontier for goods X and Y.
-From the data in Table 2.1.1, the production of 10 units of X and 28 units of Y is
Freedom of Contract
A principle that individuals have the liberty to form, define, and enforce contracts without unnecessary intervention from the government.
Employers
Individuals or organizations that hire and provide work to employees in exchange for their services.
Craft Unions
Labor unions that represent workers skilled in a particular craft or trade, focusing on specific skill sets and occupations.
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