Examlex
When making a direct request,state what you want in the first sentence or two and then follow with an explanation.
Production Possibilities
The various combinations of goods and services that can be produced in a given timeframe, using all available resources and technology.
Economizing Problem
The fundamental economic issue of meeting people's virtually unlimited wants with scarce resources, requiring choices and priorities in resource allocation.
Unlimited Time
An indefinite duration without a specified end point or limit.
Normative Economic
An aspect of economics that examines values or judgments about what the economy should be like or what particular policy actions should be recommended to achieve a desirable goal.
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