The Overriding Reason Why Households and Societies Face Many Decisions

question 35

Multiple Choice

The overriding reason why households and societies face many decisions is that

• A)resources are scarce.
• B)goods and services are not scarce.
• C)incomes fluctuate with business cycles.
• D)people, by nature, tend to disagree.

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Definitions:

Common Stock

Common stock refers to shares of ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Par Value

The nominal or face value of a bond, share of stock, or other financial instrument, set at the time it is issued.

Corporate Charter

A legal document that establishes a corporation and outlines its structure, powers, and operational guidelines.

Issued Shares

The number of shares that a company has legally sold to investors, including both public and private offerings.