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Multiply the following numbers to obtain the correct answer: 54 inches x 8
Economic Efficiency
A state in which resources are allocated in the most effective manner, maximizing the production of goods and services without wasting resources.
Representative Democracy
A system of government where citizens elect representatives to make decisions and enact laws on their behalf.
Balanced Budget Amendment
A proposed amendment to the U.S. Constitution requiring that the federal government not spend more than its income.
Shortsightedness Effect
A situation where decision-makers prioritize immediate benefits over long-term gains, potentially leading to suboptimal outcomes.
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