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“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 (3) entrepreneurship
(2) interdependence (4) scarcity
These headlines all relate to the economic concept of "(4) scarcity" which is the central tenant of economics in the sense that people must make decisions.
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