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In History / Middle School | 2014-03-05

“Price of Oil Hits Record High”
“Tribes Fight Over Control of Natural Resources”
“Government Rations Goods for Duration of War”

These headlines all relate to the economic concept of:

1. Overproduction
2. Entrepreneurship
3. Interdependence
4. Scarcity

Asked by RoxyParat

Answer (3)

4 Because they don't want the resources to run out completely because they are getting low and they are rationing because they are low on food.

Answered by dakotaturek | 2024-06-10

(4) scarcity or (2) entrepreneurship ;

Answered by Midnightshadow090 | 2024-06-12

The headlines relate to the economic concept of scarcity. They illustrate how limited resources lead to increased prices, competition, and the need for rationing. Scarcity forces societies to make difficult choices about resource allocation.
;

Answered by Midnightshadow090 | 2024-12-23