Examlex
Which of the following statements is false?
Opportunity Cost
The expense incurred by not choosing the second-best option available during decision-making.
Farmer
An individual engaged in agricultural activities, involved in the cultivation of crops or the raising of livestock.
Economic Progress
The process through which an economy grows or improves its capacity to meet its population's needs and wants.
Comparative Advantage
A situation where a country, individual, or company can produce a good or service at a lower opportunity cost than others.
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