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___________Can Arise in Response to Events That People Believe Are

question 7

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___________can arise in response to events that people believe are beyond their control, such as a major disruption in the economy. Although they are relatively rare, they receive massive media coverage because they evoke strong feelings of fear in readers and viewers.


Definitions:

Resource Depletion

The consumption of finite or non-renewable natural resources, leading to a reduction in their availability over time.

Market Economy

An economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses.

Relative to Demand

This refers to how the availability or desire for a product or service is influenced by consumer demand.

Price Controls

Government-imposed limitations on the prices that can be charged for goods and services in a market.

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