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Write the ratio as a fraction in lowest terms. to
Opportunity Cost
The potential benefit that is given up when choosing one alternative over another.
Comparative Advantage
The ability of a party to produce a particular good or service at a lower marginal cost than others.
Steel
An alloy of iron and carbon, and sometimes other elements, used as a primary material in buildings, infrastructure, tools, ships, automobiles, machines, appliances, and weapons.
Automobiles
Motor vehicles designed and manufactured to transport individuals or small groups of people.
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