Because Resources Are Limited

question 16

Multiple Choice

Because resources are limited,

• A) only the very wealthy can get everything they want.
• B) firms will be forced out of business.
• C) the availability of goods will be limited but the availability of services will not.
• D) people must make choices.

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Definitions:

Shipment States

Terms related to the sale of goods that determine when and under what conditions the risk of loss passes from the seller to the buyer during transit.

Consequential Damages

Losses incurred as an indirect result of an event, beyond the immediate physical damage or loss.

Unconscionable

Referring to actions or terms that are excessively unfair or unethical to one party in a way that shocks the conscience.

Essential Purpose

The primary or most important goal or function of an object, policy, or legal contract.