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The National Health Interview Survey is conducted annually by the Centers for Disease Control and Prevention.By examining information gathered from a national sample of 600 respondents throughout the U.S. ,it was able to announce that 14.1 percent of all Americans lacked healthcare insurance.To make this statement,the Centers for Disease Control and Prevention had to use
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choice.
Absolute Advantage
The ability of an individual, company, or country to produce a good or service at a lower cost per unit than other competitors with the same quality.
Oil
A fossil fuel in liquid form, primarily used as a source of energy and as a base for petrochemicals, extracted from underground reservoirs.
Coal
A combustible black or brownish-black sedimentary rock used primarily as a source of energy and heat.
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