Examlex
What are cosmic rays?
Importing
The process of importing products or services from other countries for the purpose of selling them domestically.
High-Opportunity Cost
A situation where choosing one option results in the loss of the potential gain from other alternatives.
Low-Opportunity Cost
Refers to a situation where choosing one option results in the smallest possible sacrifice in terms of the value of the next best alternative.
Appreciates
When the value of an asset or currency increases in value in comparison to another currency or benchmark.
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