Examlex
Thousands of U.S.banks failed in the 1930s because the Fed loaned too many reserves to member banks.
Opportunity Cost
Dismissing potential benefits from other possible choices by focusing on one.
Scarce Resources
Natural or human resources that are limited in supply and cannot fulfill all wants and needs due to their finite availability.
Free Lunch
An idiom expressing the idea that it is impossible to get something for nothing; in economics, it refers to the impossibility of getting a benefit without a cost.
Scarce
Limited in availability relative to the demand.
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