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Suppose the World Demand for Iron Is About 420,000,000 Tons

question 48

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Suppose the world demand for iron is about 420,000,000 tons per year. The known global reserves are 100,000,000,000 tons. The demand for iron is increasing at a rate of 1.8%. What is the exponential reserve for iron?


Definitions:

Empathy

The ability to understand and share the feelings of another person from their perspective.

Just-World Hypothesis

According to Lerner and Miller, people need to believe that the world is a just place where they get what they deserve. As evidence of undeserved suffering undermines this belief, people may conclude that victims deserve their fate.

Normative Influence

An influence to conform to the positive expectation of others, to gain social approval or to avoid social disapproval.

Modelling Effect

The process by which individuals learn behaviors, norms, or attitudes by observing the actions of others, often significant in social learning theory.

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