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Describe the behavior of a narcissistic charismatic leader.
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two or more goods given a set of inputs, representing efficiency.
Opportunity Cost
The cost of choosing one alternative over another, represented by the benefit foregone from not choosing the next best alternative.
Inefficient
Referring to a lack of effectiveness, not achieving maximum productivity; resulting in a waste of time, energy, or material.
Efficient
The state of achieving a maximum output from given resources, with minimal waste or inefficiency.
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