Examlex
A borrower who takes out a loan usually has better information about the potential returns and risk of the investment projects he plans to undertake than does the lender. This inequality of information is called
Fossil Fuels
Fossil fuels are natural fuels such as coal, oil, and natural gas derived from the remains of living organisms that have been transformed over millions of years through heat and pressure.
Nonrenewable Energy Sources
Energy resources such as coal, oil, and natural gas that cannot be replenished in a short period of time and will eventually deplete.
Scarce Resources
Resources that are limited in availability and can be used in the production of goods and services.
Tradeoffs
The compromise or sacrifice of one thing in order to obtain another, often used in discussions of economic policy and individual choices.
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