Examlex
Explain how stress is different from strain.
Opportunity Cost
The act of losing potential gains available through other choices upon selecting one option.
Rancher
A person who owns or manages a ranch, where livestock such as cattle or sheep are raised for meat or wool.
Production Possibilities
A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.
Opportunity Cost
Forgoing possible gains from alternative paths when one path is chosen.
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