Studies of long-running natural resource scarcity trends of the B&M variety are primarily criticized for the following

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Studies of long-running natural resource scarcity trends of the B&M variety are primarily criticized for the following reasons:

(a) they fail to explicitly consider environmental quality concerns; and

(b) they fail to account for the substitution of high-quality energy resources for labor and Capital that has been taking place in the extraction sectors. Are these valid criticisms? Explain.

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