Human societies have typically run out of resources before substitutes have been discovered or developed.
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Q12: An economic forecast will always yield an
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Q14: Only the very selfish have insatiable wants.
Q15: We wouldn't have to make choices if
Q16: Natural resources include both plants and animals.
Q18: Stanley Jevons accurately predicted the inevitable bankruptcy
Q19: Scarcity is a temporary state of insufficiency
Q20: The circular flow model shows how households
Q21: The circular flow model shows what households
Q22: Economics is the social science that describes
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