Examlex
Which of the following international "taboos" has the weakest support among China, Russia, the United States?
Resource Allocation
The process of distributing available resources among various competing needs or uses in order to achieve a desired outcome or optimize efficiency.
Comparative Advantage
An economic theory stating that a country should specialise in producing and exporting goods in which it has a lower opportunity cost than other countries.
Opportunity Cost
Opportunity cost refers to the value of the next best alternative foregone as the result of making a decision.
Corn
A cereal plant that yields large kernels set in rows on a cob, a staple food in many parts of the world.
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