Examlex
What is the meaning of the phrase: Mean what you say, and say what you mean?
Opportunity Cost
The value of the best alternative that is forgone in making any choice or decision.
Terms of Trade
The ratio between a country's export prices and its import prices, indicating the quantity of imports goods a country can purchase through the sale of its exports.
Supply and Demand
Fundamental economic model describing how prices vary as a result of a balance between product availability and consumers' purchasing desires.
Opportunity Cost
The financial loss associated with rejecting the subsequent preferable choice when deciding or selecting amongst various options.
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