In Economic Terms, All Resources Are "_____," That Is, They

question 28

Short Answer

In economic terms, all resources are "_____," that is, they can be replaced by substitutes, and in this sense resources are infinite.

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Definitions:

Innate Abilities

Natural talents or skills that an individual is born with, rather than skills developed through learning or experience.

Hearing and Listening

Involves the physiological process of sound perception and the active psychological process of giving attention to and making sense of sounds, respectively.

Nonverbal Messages

Communication conveyed through body language, facial expressions, and other physical ways without using spoken words.