Examlex
Which determinant of demand changes in the personal computer market as more individuals become interested in "surfing the Internet"?
Production Possibilities Frontiers
is a curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.), assuming all inputs are used efficiently.
Great Depression
A severe worldwide economic downturn that took place during the 1930s, starting in the United States, leading to high unemployment and financial instability.
Full Employment
A situation in which all available labor resources are being used in the most economically efficient way, typically characterized by the absence of involuntary unemployment.
War
A condition of warfare involving various nations or distinct factions inside a nation.
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