Examlex
Dong Ni and Avishai were mountain climbing when a sudden avalanche caused them both to fall and hit their heads. After the accident, Dong Ni has trouble with memory encoding and Avishai has trouble with retrieval of memories. Dong Ni most likely sustained damage to his ____________ lobe and Avishai most likely sustained damage to his ____________ lobe.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, due to the scale of operation increasing.
Opportunity Cost
The abandonment of potential improvements from other possibilities once one choice is made.
Absolute Advantage
A country's ability to produce a good more efficiently than other countries, requiring fewer resources for the same output.
Autarky
National self-sufficiency; no economic interaction with foreigners.
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