Examlex
Draw the graph of the equation.
Opportunity Cost
The cost of missing out on the next best alternative when making a decision.
Specialize And Trade
The economic practice where individuals or entities focus on a limited scope of production to increase efficiency and then exchange their outputs for varied goods or services.
Export
The process of sending goods or services produced in one country to another country for sale or trade.
Import
Products or services that are transported into a country from another with the intent to sell them.
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