Examlex
An increase in the labour force shifts the production possibility frontier inwards over time.
Competitive Output Markets
Markets where multiple firms sell similar or identical products, and prices are determined through competition among sellers.
Exponent
In mathematics, a number indicating how many times a base is to be multiplied by itself.
Binomial
A polynomial expression that contains exactly two terms, typically written in the form a+b.
Simplify
To make an expression less complex by combining like terms and executing arithmetic operations where possible.
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