Examlex
Which of the following hypotheses is directional?
Trade
The exchange of goods, services, or both between two or more parties, wherein each party benefits from the transaction.
Opportunity Cost
The expense associated with missing out on the second-best choice when deciding or selecting a course of action.
Cookie
A small text file that is stored on a user's computer by a website to remember information about the user's visit.
Absolute Advantage
A term used in international trade theory to describe the ability of a country to produce a good more efficiently than another country.
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