Examlex
Jock has suffered many head injuries during his long professional ice hockey career. As a result, he may now be suffering from chronic traumatic encephalopathy (CTE). A CAT scan or MRI would clearly reveal any brain damage associated with multiple concussions and an accurate diagnosis of CTE could be made.
Win In Trade
A situation where all parties involved in a trade feel that they have benefited from the transaction.
Lose In Trade
A situation where an individual or country experiences a decrease in welfare or potential benefit as a result of engaging in trade, often due to unfavorable terms or conditions.
International Trade
The exchange of goods and services between countries, allowing for increased efficiency and market expansion by capitalizing on comparative advantage.
Lower Opportunity Cost
A situation where choosing one option over another results in a lower forfeit of potential benefit from the other options.
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