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A,at the request of B,enters into a contract to buy a horse from B for a certain price.Just after entering into the contract,B tells A that the horse is sound and healthy.Later A discovers that,in fact,the horse is in ill health.In this situation,B's statement to A that the horse was sound and healthy
Demographic Transition
A model that describes the transformation of a society from high birth and death rates to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system.
Renewable Resources
Natural resources that can be replenished naturally over short periods of time, such as solar energy, wind, and water.
Nonrenewable Resources
Nonrenewable resources are natural resources that cannot be replenished or replaced at the same rate at which they are consumed, such as oil, coal, and natural gas.
Placebo Effect
A beneficial effect produced by a placebo drug or treatment, which cannot be attributed to the properties of the placebo itself, and must therefore be due to the patient's belief in that treatment.
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