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Describe the double-edged effect of overconfidence.
Government
The organization, or group of individuals, recognized by the populace as having the authority to govern a political state, including creating and enforcing laws.
Tariffs
Tariffs are taxes imposed by a government on imported goods and services, often used to protect domestic industries from foreign competition.
Efficient Industries
Industries that achieve maximum output with minimum input, utilizing resources in the most cost-effective manner.
Allocation of Resources
The distribution of available resources, including land, labor, and capital, among various uses to maximize efficiency and effectiveness.
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