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SELECT ALL THAT APPLY. Which of the following realist perspectives explains the breakdown of the balance of power between the Triple Entente and the Triple Alliance, leading to the start of war in 1914?
Alternative Goods
Products that serve as substitutes for each other; when the price of one increases, the demand for the other may increase.
Equilibrium Position
In the indifference curve model, the combination of two goods at which a consumer maximizes his or her utility (reaches the highest attainable indifference curve), given a limited amount to spend (a budget constraint).
Economic Resources
The land, labor, capital, and entrepreneurial ability that are used to produce goods and services; the factors of production.
Marginal Costs
The extra expense generated from the production of an additional unit of a product or service.
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