Examlex
The Earth is closest to the Sun during the month of January.Yet we do not experience our hottest weather in January.Explain why not.
National Security
National security involves the safety and defense of a nation, including its citizens, economy, and institutions, protected against threats ranging from terrorism to foreign invasions.
Infant Industries
Newly established industries often with limited capabilities compared to established competitors, and potentially protected by a government until they become competitive.
Absolute Advantage
The ability of a country or entity to produce a good or service in a more efficient manner (with fewer resources or in less time) than other countries or entities.
Opportunity Cost of Production
The value of the best alternative use of resources that could have been used for producing something else.
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