Examlex
Which one of the following is most apt to qualify as an itemized deduction?
Opportunity Cost
The value of the next best alternative that must be forgone as a result of choosing one option over another.
Cookie
A small, sweet baked treat, often containing flour, sugar, and oil or fat, and possibly containing chocolate chips, nuts, or other ingredients.
Absolute Advantage
The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than any competitor.
Comparative Advantage
A principle that states a country or individual can produce a particular good or service at a lower opportunity cost than others.
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