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In presidential elections, every state is allocated votes in the Electoral College equal to the number of
Opportunity Cost
The cost of foregoing the next best alternative when making a decision or choosing to do one thing over another.
Production Possibilities Schedule
A table or graph that shows the various combinations of two goods or services that an economy can produce using all its resources efficiently.
Opportunity Costs
The loss of potential gain from other alternatives when one alternative is chosen; the value of the next best choice.
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