Examlex
Many of the world's large rivers flow from one state or province to another, or even through several others. The Colorado River and Mississippi River are examples of this. In many instances, they flow from one country to another. Discuss the potential problems that arise from this simple geographical fact. For example, what potential problem arises if the irrigation water used in Nebraska was polluted or contaminated as the water moved through South Dakota?
Production Possibilities Curve
A graphical representation that shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.
Efficient
Characterizes a system or process that achieves its goals with minimal waste of time, resources, or effort.
Unattainable
Something that cannot be achieved or reached, often used in the context of goals or objectives that are beyond reach due to current limitations.
Outward Shift
An increase in the production capacity of an economy, often represented as an outward movement on a graph.
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