Examlex
In 1953,Urey and Miller carried out an experiment in which they subjected a mixture of H2O,CH4,NH3,and H2 to electrical discharges.Which of the following were among the products?
Outward Shift
Refers to an expansion in an economy's production possibility frontier, indicating an increase in the ability to produce goods and services.
Production Possibilities Curve
A graphical representation showing the maximum combination of goods or services that can be produced with a fixed amount of resources and technology in a given period.
7 Percent Unemployment
A situation where 7 out of every 100 labor force participants are without a job and actively seeking employment, indicating the level of joblessness in an economy.
U.s. Economy
The United States' economic structure is defined by a mixed-market system, incorporating both private sector businesses and government involvement.
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