Define the term opportunity cost and protectionism

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Reference no: EM131927247

Please use your online research skills to define each term in one to three sentences and provide a brief example in your own words.

Write in your own words and a clear example.

PLEASE DO NOT merely cut and paste a definition!! Use the examples listed above to guide you regarding length and complexity.

Treat this as preparation for the unit test.

Mixed Economy

Monopoly

NGO

Opportunity cost

Protectionism

Recession

Recovery

Sanction

Trade Balance

Trading Bloc

Trade Surplus

Trade War

Reference no: EM131927247

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