Examlex
Which sentence expresses numbers correctly?
Production Possibilities
Production possibilities refer to the different combinations of goods and services that an economy can produce given its available resources and technology, illustrated by the production possibilities frontier (PPF).
Consumer Goods
Products and services that are consumed by individuals or households to satisfy their immediate needs and wants.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choosing an action.
Autos
Short for automobiles, referring to passenger vehicles designed for personal transportation.
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