Examlex
Until 1914, the mode of election for the _________ was indirect: citizens voted for members of their state legislatures, who then selected these individuals.
Resources
Assets, materials, and inputs needed to produce goods and services.
Overallocated
A situation where resources are disproportionately distributed or excessively committed to a particular project or area, potentially leading to inefficiencies.
Production
Production is the process of creating goods or services through the combination of labor, materials, and technology to meet consumer demand.
Marginal Social Cost
The cost to society of producing one additional unit of a good, including both the cost to the producer and any costs to others from that production.
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