Examlex
Which of the following is an example of flexible thinking?
Comparative Advantage
The ability of a country or firm to produce a specific good or service at a lower opportunity cost than its competitors.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choice.
Specialize
The process of concentrating on and becoming expert in a particular subject or skill, often used in the context of labor and production.
Produce
Produce generally refers to agricultural products, especially fresh fruits and vegetables, harvested for human consumption.
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