Scarcity

— Marc F. Bellemare (@marcfbellemare)

The word “scarcity” is used to mean multiple things. Distinguishing these different uses can help us think more clearly about economic issues.

A new discovery of lithium this last week led to a flurry of headlines touting the finding as one of the biggest lithium deposits in history. The discovery comes amid fears that a shift towards electric vehicles would exhaust too much of the world’s supply of lithium—an important component in batteries. This raises an interesting question. Why do we never run out of resources when experts say we will?

Socioeconomic disparity is just as influential as climate change and population growth when it comes to explaining why so many cities are struggling with their water supply, researchers say.

Parking lots are about one-fifth of all land in U.S. city centers, making them "easy to get to, but not worth arriving at."

The drug has gone viral for its side effect of weight loss.

The Paris museum has been struggling for years against over-attendance

Make space for what matters

The pandemic has exacerbated an already short supply of specially-bred canines that detect explosives

Married or single, we've all heard it. "You could buy a house for the price of that wedding!" But have you ever stopped to think, what if you actually did?SU...

To paraphrase Kim Kardashian, it seems like nobody wants to conserve water these days. The celebrities are on a long list of rich and famous LA residents who received notices for excessive water use.

An interactive news game where you play as the chief executive of a company who has to balance social purpose against shareholder returns

Unilever cited “an unprecedented spike in demand across our portfolio.”

In August, Old Navy, the Gap Inc. golden child, rolled out all clothing styles in sizes 0–30 and XS–4X.

Fans could get the first card with a team's draft pick in a month. However, supply chain issues delayed the 2021 draft class' most collectible cards by a year.

The hotly debated Sunshine Protection Act still has to pass the House.

GM sees some improvement in the chips supply, but still has to remove heated seats and steering. Here's what dealers say about it.

In this economics activity, students will match individuals with their preferred methods of allocating goods and services.

Products from brands like Alfa Romeo, Chrysler, Dodge and Fiat are aging, and some have struggled to gain traction.

It’s a trickier question than you might think.

The Senate Appropriations Committee voted 11-6 to include the restriction in a spending bill that primarily allocates federal relief funding.

The business, which includes most Planters products and the Corn Nuts brand, contributed about $1.1 billion to Kraft Heinz's 2020 sales.

With demand for COVID-19 vaccines outpacing the world's supplies, a frustrated public and policymakers want to know: How can we get more? A lot more. Right away.The problem: "It's not like adding more water to the soup," said vaccine specialist Maria Elena Bottazzi of Baylor College of Medicine…

When administrators at Hillsdale College, a conservative liberal-arts school, heard its local hospital didn't have a way to store the Pfizer-BioNTech covid vaccine, they offered the use of its science department's ultra-low temperature freezer. The vaccine must be stored at minus 94 degrees…

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Directions: Students need to take the Time Use survey prior to class (Student Time:

A single test that can give false reassurance sounds bad. But a $10 test for the coronavirus, if repeated daily, would discover real infections, say proponents of such tests as screening tools.