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In some democratic nations, citizens use a system of elections where if no one candidate gets more than 50 percent of the votes, everyone is eliminated except for the top two contenders.
Citizens then vote again and may select either of the top two candidates. This is an example
Of a ________ election system.
Absolute Advantage
The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.
Textiles
Materials made from fibers, filaments, threads, or yarns, typically used in the production of fabrics and cloth.
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost compared to others.
Absolute Advantage
The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.
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