Examlex
The earliest Old World monkeys belong to the family Victoriapithecidae.Where are fossils from this family found and how old are they? Do they resemble any modern monkeys?
Capital Goods
Items that are used in the production of other goods and services, rather than being bought by consumers.
Opportunity Costs
The cost of choosing one alternative over others, representing the benefits an individual, investor, or business misses out on when choosing one option over another.
Resource Shiftability
The flexibility with which resources can be shifted from producing one product to another in response to changing market demands.
Production Possibilities Curve
A graphical representation showing the maximum combination of goods or services that can be produced in a given time period with available resources.
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