Examlex
A graphical display of a frequency distribution, relative frequency distribution, or percent frequency distribution of quantitative data constructed by placing the class intervals on the horizontal axis and the frequencies on the vertical axis is a
Production Possibilities Curve
A graphical representation showing the maximum number of goods or services that can be produced using limited resources efficiently.
Production Possibilities Curve
A graphical representation that shows the maximum amount of two goods that can be produced with available resources and technology.
Negative Slope
indicates a relationship in a graph where as one variable increases, the other variable decreases, showing an inverse correlation.
Production Possibilities
The various combinations of goods and services that can be produced within an economy when all resources are fully utilized.
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