Which of the Following Is the Best Definition of Sustainable

question 25

Multiple Choice

Which of the following is the best definition of sustainable income?

• A) Sustainable income is a measure of solvency that does not include capital expenditure.
• B) Sustainable income is the same as net income.
• C) Sustainable income is income that is unusual in nature and infrequent in occurrence.
• D) Sustainable income is the most likely level of income to be obtained in the future.

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Definitions:

Price Ceiling

A legally imposed limit on how high a price can be charged for a product, service, or resource.

Quantity Demanded

The total amount of a goods or services consumers are willing and able to purchase at a specific price point.

Quantity Supplied

The total amount of a product that producers are willing and able to sell at a given price over a specified period of time.

Nonprice Rationing

Methods of distributing goods or services using criteria other than price, such as queues or rationing cards.