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The more subunits into which an organization breaks down, the
Unemployment
A condition where people who are willing to work at prevailing wage rates cannot find employment.
Hybrid Cars
Vehicles that utilize a combination of at least one electric motor along with a gasoline engine to propel the vehicle, offering improved fuel efficiency and reduced emissions compared to conventional vehicles.
Production Possibility Frontier
A graph that shows the highest possible production levels for two different products, using specific resources.
Opportunity Costs
The cost of forgoing the next best alternative when making a decision, representing the potential benefits missed.
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