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The median voter model predicts that
Economy
A system consisting of the production, trade, distribution, and consumption of goods and services by different agents in a given geographical location.
Bowed Shape
A curve representing the relationship between two variables where the curve slopes outward, commonly used to describe certain types of economic functions.
Production Possibilities Frontiers
A figure that depicts the absolute maximum production capacities for two goods, based on a set of inputs that consist of resources and various additional components.
Technological Advances
Innovations and improvements in technology that enhance efficiency, productivity, and the quality of goods and services.
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