The Problems Created by Scarcity

question 90

Multiple Choice

The problems created by scarcity:

• A) could be solved if more people worked overtime.
• B) are of no concern to the top income earners.
• C) concern individuals, but are not a concern on the macro level.
• D) apply to everyone because resources are limited in general.

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Definitions:

Account Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Fraudulently

Fraudulently involves deceitful conduct or misrepresentation intended to achieve unjust gain or to deprive another of a right.

Bankruptcy

A legal status of a person or entity that cannot repay the debts it owes to creditors.

Implied Warranty

A warranty created by operation of law.