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December 9, 2025 

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WHAT?: One of three basic questions of allocation (the other two are How? and For Whom?). Answering the 'What?' question of allocation determines the types and quantities of goods and services produced with society's limited resources. Should society produce hammocks or hot fudge sundaes? Computers or Cadillacs? Birdfeed or battleships? The production possibilities analysis sets the stage for answering the 'What?' question.

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LAW

A generally accepted, verified, proven, fundamental scientific relation. A law is a scientifically certified, thoroughly verified, cause-and-effect relation about the workings of the world. It has been tested and retested through the scientific method. The law of demand, law of increasing opportunity cost, and law of diminishing marginal utility are three fundamental (and extremely important) economic laws of nature.

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APLS

WHITE GULLIBON
[What's This?]

Today, you are likely to spend a great deal of time at a crowded estate auction wanting to buy either a video game player or an AC adapter that won't fry your computer. Be on the lookout for high interest rates.
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This isn't me! What am I?

The standard "debt" notation I.O.U. does not mean "I owe you," but actually stands for "I owe unto..."
"If you don't make mistakes, you aren't really trying."

-- Coleman Hawkings,musician

MSE
Mean Squared Error
A PEDestrian's Guide
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