Examlex
Which of the following is a hydrocarbon?
Comparative Advantage
The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors. This concept is one of the fundamental principles of economics that helps explain the gains from trade.
Absolute Advantage
The capacity for a person, business, or nation to create a product or offer a service with a per-unit expense that's beneath the cost any other party can achieve for that same product or service.
Opportunity Cost
Discarding possible profits from other actions upon committing to one course.
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A graphical representation of a user or the user's character or persona, commonly used in virtual worlds, online games, and forums.
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