Examlex
"Manny got out of bed and began doing calisthenics during REM sleep,probably because he was dreaming about boot camp." What is inaccurate with this statement
Opportunity Cost
The value of the best alternative that is forgone when a particular decision is made.
Specialization
The process by which individuals, businesses, or countries focus on producing a narrow range of products or services to gain greater efficiencies.
Production Possibility Frontier
A curve depicting the maximum feasible combinations of two products that a society can produce with existing resources and technology.
Trade
The act of buying, selling, or exchanging goods and services between people, firms, or countries.
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