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How does a flow chart help with the understanding of the flow of control?
Opportunity Cost
The sacrifice of prospective advantages from other possibilities when one option is selected.
International Trade
The exchange of goods and services between countries, which can involve exports, imports, and the trading of resources.
Comparative Advantage
The ability of an entity to produce goods or services at a lower opportunity cost than others, leading to more efficient trade possibilities.
Opportunity Costs
Opportunity costs represent the benefits an individual, investor, or business misses out on when choosing one alternative over another.
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