Examlex
The absence of a daily settlement is one of the factors distinguishing a forward contract from a futures contract.
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.
Opportunity Cost
The value of the best alternative that is forgone in making any choice or decision.
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