Examlex
Write an equation for a laboratory preparation of nitrogen gas.
Resources Are Scarce
The principle that the availability of natural, human, and capital resources is limited, necessitating choices about their allocation and use.
Normative Statements
Statements that express opinions on how the world ought to be, involving value judgments rather than factual claims.
Expressions Of Facts
Statements that aim to convey information about reality or actual events without alteration.
Economic Model
A simplified representation or framework that economists use to describe and analyze economic processes, relationships, or phenomena.
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