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Just passing by a person who sneezes and coughs heightens our perceptions of various health risks. This best illustrates the impact of
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choosing to do one thing instead of another.
Imported
Products or services imported from another country for the purpose of selling them.
Exported
Offerings or goods conveyed from one country to another for the objective of transaction or sale.
Production Possibilities Frontier
A curve demonstrating the maximum feasible amount of two goods that can be produced with available resources and technology.
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