The Problem of Scarcity Is

question 72

Multiple Choice

The problem of scarcity is

• A)a problem only for poor countries.
• B)a problem only for economies under complete government control.
• C)faced by all economies.
• D)eliminated as the economy grows.
• E)not faced by free market economies.

---

Definitions:

Quick Ratios

A measure of a company's ability to meet its short-term obligations with its most liquid assets, providing insights into financial health.

Debt Management Ratios

Financial ratios that indicate the degree to which a company is financed by debt and its ability to repay it.

Financial Leverage

The use of borrowed funds to increase the potential return of an investment.

Managers

Individuals in an organization responsible for controlling or administering all or part of a company or similar organization.