Examlex
A child experiencing who isn't getting along with another child says: "She either wants to be my best friend,or doesn't want to be friends at all!" By reducing the range of options to just two extremes,this child is engaging in a common thinking error referred to as:
Nonrenewable Natural Resources
Natural resources such as coal, oil, and natural gas that cannot be replenished within a human lifespan once consumed.
Fixed Supply
A scenario where the quantity of a good or resource available does not change in response to changes in price.
Property Rights
The entitlement to control, benefit from, and transfer ownership of resources including land, tangible goods, and creations of intellect.
Open Ocean
The vast expanse of saltwater that covers most of the Earth's surface, not close to any land.
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