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Some critics have argued that Kohlberg's model is biased against people from collectivist societies.
Production Possibilities Curves
A graphical representation that shows the maximum attainable combinations of two goods that can be produced with available resources.
Labor Forces
The total number of people aged 16 and over who are either working or actively looking for work.
Wages
Payments made to workers for their labor, typically calculated on an hourly, daily, or piecework basis.
Comparative Advantage
The ability of a country or company to produce a particular good or service at a lower opportunity cost than its competitors.
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