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Table 22-11
The following table shows the preferences of four types of voters over four possible alternatives as well as the percentage of the electorate with the given preferences.
-Refer to Table 22-11.Suppose before any voting takes place that alternative W is eliminated as an option.Based on this information,the median voter's first choice is
Opportunity Cost
The cost of forgoing the next best choice when making a decision.
Muffin
A small, baked item often eaten for breakfast or a snack, typically sweet and sometimes filled with fruit, chocolate, or nuts.
Comparative Advantage
The competence of an individual or a group in executing a certain economic task with greater efficiency than an alternative one.
Cookies
Small files stored on a user's computer by a web browser, containing data about the user's online activities.
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