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What is the probability of an impossible event?
Externalities
Economic side effects or by-products that affect an uninvolved third party; can be either positive or negative.
Pareto Efficient
A circumstance in resource distribution where any improvement for one individual means a disadvantage for at least another.
Underprivileged Youth
Young individuals who lack the social, economic, and educational advantages of their peers.
Taxpayers
Individuals or entities that are obliged to pay taxes to a governmental authority.
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