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Definitions:
Mexico
A country located in the southern portion of North America, known for its rich culture, history, and diverse landscapes.
United States
A country located in North America, consisting of 50 states and a federal district, known for its large economy and diverse population.
Opportunity Costs
The cost of forgoing the next best alternative when making a decision.
Production Possibility Frontier
A graph that shows all the highest production potentials for two products, based on a specific set of resources and various factors.
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