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Research Suggests That Having Excessively High Levels of Optimism

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Research suggests that having excessively high levels of optimism


Definitions:

Specialized

Having expertise or focusing on a specific area of knowledge, function, or skill.

Trade

The exchange of goods and services between individuals or entities, often in different countries or economies.

Production Possibilities

The various combinations of goods and services an economy can produce given its available resources and technology.

Opportunity Cost

The price paid for not selecting the second-best choice when deciding between options.

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