Examlex
Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-A major empire that expanded from the Iranian plateau to incorporate the Middle East from Egypt to India; flourished from around 550 to 330 B·C·E·.
Gain From Trade
The increase in welfare or benefit that countries or entities experience as a result of engaging in voluntary trade with each other.
Total Production
The complete quantity of goods and services produced by an economic entity in a certain period.
Opportunity Costs
The potential benefits or returns that are foregone by choosing one alternative over another.
Trade Price
The price at which goods or services are traded between companies, often lower than retail price.
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