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Matching Key Terms and Descriptions (options may be used more than once)
-Tendency to attend to the information that endorses the decision we prefer.
Opportunity Cost
The worth of the best alternative option given up due to a decision made.
Production
The method of merging different material and immaterial inputs, such as plans and expertise, to produce something that can be consumed.
Opportunity Cost
The penalty for not embracing the immediate subsequent advantageous alternative when choosing.
Coffee
A brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant.
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