Examlex
Needles used during venipuncture may be used only once.
Scarce Goods
Products or resources that are limited in availability and cannot meet all the demands of consumers.
Comparative Advantage
The ability of a country or firm to produce a specific good or service at a lower opportunity cost than its competitors.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choice.
Specialize
The process of concentrating on and becoming expert in a particular subject or skill, often used in the context of labor and production.
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