Examlex
Emotions are often visibly expressed on the face. In what ways have modern psychologists confirmed Darwin's concepts regarding facial expressions? Describe Paul Ekman's theory of the expression of emotion.
Comparative Advantage
The capability of a nation or business to manufacture a specific product or offer a service at a lesser opportunity cost compared to its rivals.
Opportunity Cost
The expenditure experienced from not picking the immediate runner-up selection during a choice process.
Economies of Scale
The cost advantage achieved when production becomes efficient, leading to a decrease in the per-unit cost as the volume of production increases.
Autarky
A situation where a country or economy operates in total self-sufficiency, without engaging in international trade.
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