Scarcity Is Defined as the Condition in Which

question 174

Multiple Choice

Scarcity is defined as the condition in which

• A) both wants and resources are limited.
• B) wants are finite and resources infinite.
• C) both wants and resources are infinite.
• D) wants are infinite and resources finite.

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Definitions:

Arbitrage

A zero-risk, zero-net investment strategy that still generates profits.

Transparency

In finance, it refers to the extent to which investors have ready access to required financial information about a company, market, or security.

Investment Strategy

A plan designed to guide an investor's selection of an investment portfolio, typically based on goals, risk tolerance, and future needs for capital.

Liquidity

The ease with which an asset or security can be converted into cash without significantly affecting its market price.