Examlex
Write out the first three terms and the last term of the arithmetic sequence.
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Comparative Advantage
The ability of an individual or country to produce a good or service at a lower opportunity cost than others, leading to more efficient international trade.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision.
Domestic Opportunity Cost
The cost of forgoing the next best alternative use of a country's own resources.
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