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In percentage terms, which of the following occupations is expected by the U.S. Bureau of Labor Statistics to be the fastest growing from 2016 to 2026?
Absolute Advantage
The ability of an individual, company, or country to produce a good or service more efficiently than competitors, using fewer resources.
Opportunity Cost
A different way to describe it would be the cost of missing out on the benefits of the second-best option when a choice is made.
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