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What Is Meant When One Says That Decisions Are Made

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Essay

What is meant when one says that decisions are made at the margin? Provide an example of making a decision at the margin.


Definitions:

Cotton Production

The agricultural process of cultivating and harvesting cotton, which is a significant crop for the textile industry, historically foundational to economies, especially in the southern United States.

German Triangle

Refers to an area in the United States, particularly the cities of Cincinnati, St. Louis, and Milwaukee, known for their significant German immigrant populations and cultural influence in the 19th and early 20th centuries.

Large German Populations

Refers to the significant number of German immigrants or people of German descent living in a particular area or country.

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