Question: After the Second World War, shortages in resources ( e . g . , metals, oil, coal ) led to a negative mindset. This mindset

After the Second World War, shortages in resources (e.g., metals, oil, coal) led to a negative mindset. This mindset created new concerns regarding economic growth and population growth for the United States. The Paly Commission was tasked with developing 25-year projections of economic resource growth; there was debate about population growth (as set too low) and resource use (as set too high). The commission decided to adjust the definition for scarcity by changing the measure of
absolute scarcity of a resource to a relative, price-based definition of scarcity.
relative scarcity of a resource to an absolute, price-basedfrjefinition of scarcity.
demand scarcity of a resource to a relative, price-based definition of supply scarcity.
relative supply scarcity of a resource to an absolute, price-based definition of structure scarcity.
After the Second World War, shortages in

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