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Which approach to explaining dreams is best supported by the fact that students who are worried about getting a good grade in a class often have recurring dream of running out of time on exams, oversleeping and missing class, or suddenly realizing that a paper deadline was just missed?
Efficiency
The extent to which resources are utilized optimally to achieve desired outcomes with minimum waste or effort.
Second Best
A concept in economics that suggests if all optimal conditions cannot be satisfied, the second-best option should be pursued.
Distortionary Tax
Taxes that cause people to alter their behavior in a way that distorts the allocation of resources from their most efficient uses.
Economic Choices
Decisions made by individuals, households, or firms regarding the allocation of scarce resources to satisfy needs and wants.
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