Examlex
Which of the following states that Obama carried in 2008 was carried by Romney in 2012?
Public Goods
Goods that are non-excludable and non-rivalrous, meaning that no one can be effectively excluded from use and where use by one individual does not reduce availability to others.
Marginal Product
The increase in output that is produced by adding one more unit of a particular input while holding all other inputs constant.
Total Output
The complete amount of goods or services produced by an economy, sector, or organization over a certain period.
Least Skilled Worker
An employee who possesses the minimal skills required for a job, often receiving the lowest wages.
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