Examlex
It is often easier to remember words if one can also picture them in their minds. This is because one is using one's:
Comparative Advantage
The proficiency of an individual, a business, or a nation in generating a product or executing a service at a more economical opportunity cost than its competitors.
Lower Cost
Refers to a situation or strategy in which expenses are minimized or reduced.
Range of Exchange Rates
The variability or difference in the rate at which one currency can be exchanged for another.
Gains from Trade
The increase in welfare or benefit that countries or individuals obtain by engaging in voluntary trade with each other, enabling more efficient allocation of resources.
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