A Primary Reason for Present and Future Shortages of Natural

question 34

Multiple Choice

A primary reason for present and future shortages of natural resources is that

• A) richer nations are hoarding national resources.
• B) poorer nations are consuming most of their national resources.
• C) the economic market can more easily adjust prices when shortages exist.
• D) natural resources are finite.

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Definitions:

Short-Term Investments

Investments typically expected to be converted into cash within one year, such as stocks or bonds.

GAAP

GAAP stands for Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards used in the United States for financial reporting.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that guide the preparation of financial statements globally.

Investment Classifications

The categorization of investment assets based on their characteristics, risks, and potential returns, such as stocks, bonds, and real estate.