Examlex
A(n) ________ portfolio maximizes return for a given level of risk.
Equilibrium Wages
The salary level where the amount of work offered matches the amount of work sought in the employment market.
Recession
A period of temporary economic decline during which trade and industrial activity are reduced, usually identified by a fall in GDP in two successive quarters.
Opportunity Cost
The price paid for not selecting the next most favorable choice during a decision-making process.
Marginal Productivity
The additional output that is produced by using one more unit of a particular input, holding all other inputs constant.
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