Examlex
____________________ is a special group of very fast memory circuitry located on or close to the CPU.
Absolute Advantage
The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.
Comparative Advantage
The capacity of a nation, person, business, or area to generate a product or offer a service with a smaller opportunity cost compared to its rivals.
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.
Alternative Goods
Products or services that can be used in place of each other, offering consumers choices based on price, preference, or availability.
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