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3 Cards in this Set
- Front
- Back
Front (Term) Opportunity cost |
Back (Definition) The foregone value of the next best alternative |
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Front (Term) Full employment |
Back (Definition) When A societies human resources are being used with maximum efficiency 4 to 6% unemployment rate |
|
Front (Term) Full production |
Back (Definition) Went to societies resources are being allocated in the most efficient manner possible |