Examlex
Crater Lake in Oregon formed as a result of a(n) ____ about 7,700 years ago.
Import
The process of importing products or services from foreign countries for the purpose of selling them domestically.
Productivity
A measure of the efficiency of production, often quantified as the ratio of outputs to inputs in a given time period.
Production Possibilities
A graph or curve depicting the maximum output combinations of two goods that can be produced with available resources and technology.
Circular-Flow Diagram
A diagram that represents the transactions in an economy by two kinds of flows around a circle: flows of physical things such as goods or labor in one direction and flows of money to pay for these physical things in the opposite direction.
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