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According to Simon, the Solution to Resource Scarcity Is to Increase

question 55

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According to Simon, the solution to resource scarcity is to increase the population because it will produce more brainpower and labor to work out technological solutions to scarcity, termed the?


Definitions:

Comparative Advantage

In economics, comparative advantage refers to the ability of a country or individual to produce a particular good or service at a lower opportunity cost than its competitors.

Taxi Parts

Components or spares used in the maintenance and repair of taxicabs.

Oranges

A citrus fruit that is a common source of vitamin C, available in several varieties and used in both food and beverages.

Normative Statement

A statement that expresses a value judgment or opinion, indicating what ought to be rather than what is empirically observable.

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