Examlex
Solve the problem.
-How many 3-digit numbers can be formed using the digits 1, 2, 3, 4, 5, 6, 7 if repetition of digits is not allowed?
Terms of Trade
The ratio at which a country's exports are exchanged for imports, influencing the level of a country's economic health and prosperity.
World Price
The price at which a good is traded on the world market; determined by the world demand and world supply for the good.
Tariff
A Tariff is a tax imposed by a government on imported goods, often used to protect domestic industries from foreign competition.
Opportunity Cost
Giving up the chance to benefit from other opportunities by selecting a specific option.
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