Examlex
A(n) ______ is an irrational behavior which you cannot control.
Unemployment Rate
The number unemployed as a percentage of the labor force.
Technology
The application of scientific knowledge for practical purposes, especially in industry and improvements in tools, machines, techniques, and processes.
Production Possibilities Frontier
The Production Possibilities Frontier is a curve depicting all maximum output possibilities for two goods, given a set of inputs.
Bowed-shaped Curve
A graphical representation that shows a diminishing rate of return, illustrating that as more of one good is produced, greater sacrifices are made in foregone production of another good.
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