Examlex
This chapter provides an example of human adaptation to high altitude to illustrate the various forms of cultural and biological adaptation.Can you think of another example that illustrates the broad capacity of humans to adapt both biologically and culturally?
Technology Fixed
A scenario in economic models where the level of technology is assumed to remain constant, ignoring any potential technological advancements or changes.
Unemployment
The condition of being without a job, while actively looking for work.
Production Possibilities
The various combinations of goods and services that an economy can produce when all its resources are fully and efficiently employed, illustrated by the production possibilities frontier.
Capital Goods
Assets utilized by businesses to create wealth through the manufacturing of goods and services, including buildings and tools.
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