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The Elite Model Presupposes a Small Group of Leaders Who

question 7

True/False

The elite model presupposes a small group of leaders who are defined primarily by their inherited wealth.


Definitions:

Opportunity Cost

The foregone benefit that would have been derived from an option not chosen.

Unlimited Resources

A hypothetical scenario in which there is an infinite supply of resources, making scarcity and allocation concerns non-existent.

Favorite Tv Show

The television program a person enjoys the most or has a strong preference for over others.

Opportunity Cost

Forgoing the possibility of benefits from other options by selecting one specific choice.

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