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_____ Describes the Relationship Between Traits That Are Perpendicular to One

question 41

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_____ describes the relationship between traits that are perpendicular to one another in a circumplex.


Definitions:

Equilibrium Quantity

The amount of products or services available that matches the amount sought after at the price where supply meets demand.

Socially Optimal

A condition in which resources are allocated in the most efficient way from the perspective of society as a whole.

Positive Externality

A beneficial effect experienced by a third-party or the society at large, as a result of an economic activity, that isn't reflected in the cost.

Garden

A planned space, usually outdoors, set aside for the display, cultivation, and enjoyment of plants and other forms of nature.

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