Examlex
What was one advantage of the Portuguese caravel?
Marginal Cost
The additional cost incurred to produce one more unit of a good or service.
Marijuana
A psychoactive drug from the Cannabis plant, used for medical or recreational purposes.
Shipment Seized
Refers to the action taken by authorities to take control of goods being transported due to regulatory, legal, or security violations.
Equilibrium Price
The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, leading to a stable market condition.
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