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Britain returned Louisbourg,which had been seized by the American colonists in 1745,to France in order to expand its empire in __________.
Leisure Time
Time available for relaxation or activities of choice not related to employment or compulsory activities.
Labor Supply Curve
A graph showing the relationship between the wage rate and the quantity of labor that workers are willing to provide at that rate.
Current Wage
The present amount of money that a worker receives in exchange for their labor, usually expressed per hour, day, or per work output.
Surplus of Labor
A surplus of labor occurs when the supply of labor exceeds the demand, resulting in unemployment or underemployment in the market.
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