Examlex
In order to study our ability to read non-verbal body cues about emotions, researchers attached small lights to ________, and found that undergraduates were able to correctly determine the emotion being communicated simply by watching the movement of the lights in a dark room.
Production Possibility Frontier
A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.).
Free Trade
An economic policy that allows imports and exports between countries with minimal or no tariffs, quotas, or other restrictions.
World Price
The worldwide cost of a product or service, set by the conditions of international supply and demand.
Domestic Price
The price of goods or services within a particular country, unaffected by international market variables.
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