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Opportunity Cost
The cost of forfeiting the next best alternative when making a decision, representing the benefits missed when choosing one option over another.
Alfalfa
A perennial flowering plant often used as forage for livestock, valued for its high nutrient content and adaptability to diverse climates.
Trade Benefit
The advantages a country gains from engaging in international trade, such as access to a wider variety of goods and services, economies of scale, and increased market competition.
Produce Alfalfa
The process of cultivating and harvesting alfalfa, a perennial flowering plant used primarily as fodder for livestock.
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