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An extraordinary gain or loss is unusual in nature,_____________________________________________,and material in amount.
Monetary Cost
The total amount of money that is spent in order to purchase goods or services.
Resources
Inputs or assets used in the production of goods and services, including labor, capital, and natural materials.
Absolute Advantage
The advantage in the production of a good enjoyed by one country over another when it uses fewer resources to produce that good than the other country does.
Resources
The inputs or factors of production, including land, labor, capital, and entrepreneurship, that are used in the creation of goods and services.
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