Examlex
The use of computers and other modern devices has lead to the rapid growth of the informatics age. This is the term used by McGonigle to describe the language of informatics?
Decreasing Opportunity Costs
A situation in which the opportunity costs of resources decrease as the production of one good increases, often due to factors like improved technology or specialization.
Opportunity Cost
The loss of potential gain from other alternatives when one alternative is chosen, representing the value of the best missed opportunity.
Tractors
Agricultural machinery used for plowing, tilling, planting, and other farming operations.
Bicycles
Human-powered, pedal-driven vehicles with two wheels attached to a frame, one behind the other, used for transportation, recreation, or sport.
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