Examlex
The phrase "Stop throwing good money after bad" best describes advice given to ignore _____ costs.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision, representing the benefits one misses out on by choosing one option over another.
Trade
The exchange of goods, services, or both between individuals, businesses, or countries.
Corn
A cereal plant that bears large grains, or kernels, set in rows on a cob; an important crop for food, animal feed, and biofuel.
Acquired Comparative Advantage
The ability gained through strategic development and investment in industries or areas where a country or firm did not previously have a natural comparative advantage.
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