Examlex
If the potential of a voltaic cell is 1.20 V, what is the free-energy change when one mole of electrons is transferred in the oxidation-reduction reaction?
Factors Of Production
Factors of production are the inputs needed for the creation of a good or service, including land, labor, capital, and entrepreneurship.
Unemployment Of Resources
Unemployment Of Resources refers to a situation where factors of production, such as labor and capital, are not being used in the production process.
Production Possibilities Curve
A graphical representation of the maximum quantities of two goods or services that an economy can produce when utilizing its resources fully and efficiently.
Circular Flow Diagram
A visual model of the economy that shows how dollars flow through markets among households and firms, illustrating the interdependencies of economic activities.
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