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Explain the difference between full-time and part-time four-wheel drive.
Virtually Unlimited
A term used to describe a resource or supply that is so abundant it appears to be almost without limit.
Scarcity and Choice
Refers to the fundamental economic problem of having unlimited human wants in a world of limited resources, leading to the necessity of making choices on how to allocate resources efficiently.
Economic Decision
A choice made by individuals, businesses, or governments that involves the allocation of resources, considering the costs and benefits to optimize outcomes.
Surpluses and Shortages
Conditions where the quantity of a good or service exceeds or falls short of the quantity demanded at a given price.
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