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This table shows how much cotton and cocoa can each be produced in Peru and Brazil with one unit of equivalent resources. TABLE 32-4 Refer to Table 32-4.The opportunity cost of a bushel of cocoa beans in Brazil is
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The party in a contractual agreement who is owed a duty or obligation by another party, the obligor.
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A person who benefits from a contract between two other parties, although they are not one of the contract's signatories.
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The process of handing over rights, assets, or responsibilities from one entity to another.
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