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The Only Type of Supreme Court Decision That Can Establish

question 4

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The only type of Supreme Court decision that can establish a precedent is a


Definitions:

Specialization

The process by which individuals, firms, or countries concentrate on producing a narrow range of goods or services, often to increase efficiency and output.

Economic System

The organized way in which a country or a society allocates its resources and apportions goods and services in the national community.

Fundamental Questions

Basic questions that economies face regarding what to produce, how to produce, and for whom to produce, based on limited resources.

Unemployment

The failure to use all available economic resources to produce desired goods and services; the failure of the economy to fully employ its labor force.

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