Which of the Following Is Least Likely to Be an Effect

question 40

Multiple Choice

Which of the following is least likely to be an effect of scarcity?

• A) rationing device
• B) choice
• C) opportunity cost
• D) dollar price
• E) utility

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Definitions:

Interest Payments

The regular payments made by a borrower to a lender as compensation for the use of borrowed money, usually calculated as a percentage of the outstanding principal.

CCA Class

In the context of Canadian taxation, refers to the categorization of depreciable property for the purpose of calculating capital cost allowance (tax deductions for depreciation).

Manufacturing Costs

Expenses directly related to the production of goods, including raw materials, labor, and factory overhead.

Tax Rate

The rate at which income is taxed for a person or business entity.