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A college student has six pairs of pants, eight T-shirts, three sweatshirts, and two pairs of tennis shoes. If an outfit consists of pants, a T-shirt, a sweatshirt, and a pair of tennis shoes, how many different outfits can the student wear before repeating one?
Circular Flow Model
An economic model illustrating the flow of goods, services, and money between households and businesses in an economy.
Federal Government
The national government of a federal country that shares power with regional governments like states or provinces.
Proprietary Income
Income generated from owned properties or businesses, exclusive to the owner or proprietor.
Excise Tax
A tax charged on specific goods or commodities produced or sold within a country and often included in the price of the product.
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