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EMPLOYMENT RATE: The ratio of employed persons to the total civilian noninstitutionalized population 16 years old or older. Also termed the employment-population ratio, the employment rate is used as an alternative indicator of the utilization of labor resources.

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MARGINAL REVENUE PRODUCT CURVE

A curve that graphically illustrates the relation between marginal revenue product and the quantity of the variable input, holding all other inputs fixed. This curve indicates the incremental change in total revenue for incremental changes in the variable input. The marginal revenue product curve plays a key role in marginal productivity theory and the economic analysis of factor markets.

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BLACK DISMALAPOD
[What's This?]

Today, you are likely to spend a great deal of time at an auction wanting to buy either decorative picture frames or storage boxes for your income tax returns. Be on the lookout for rusty deck screws.
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This isn't me! What am I?

John Maynard Keynes was born the same year Karl Marx died.
"In a time of drastic change, it is the learners who inherit the future. "

-- Eric Hoffer, philosopher

AID
Agency for International Development
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