Examlex
Which of the following is true about evolutionary change?
Poverty
The state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living.
Production Possibilities Frontier
A curve that shows the maximum possible output combinations of two goods or services that an economy can achieve when all its resources are used efficiently.
Great Depression
A severe worldwide economic downturn that took place during the 1930s, characterized by high unemployment, deflation, and a collapse in demand and investment.
Opportunity Cost
The cost of foregone alternatives when one option is chosen over another, representing the benefits that could have been gained by taking the alternate path.
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