Examlex
Which of these trade agreements represents the highest level of integration among participating nations?
Opportunity Cost
The detriment of neglecting the next optimal alternative during the process of making a decision.
Opportunity Cost
The benefit that is missed or given up when choosing one alternative over another.
Hour
A unit of time equal to 60 minutes.
Opportunity Cost
Skipping over the possibility of gain from multiple options by deciding on a single one.
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