Which of the Following Sentences Is the Best Example of Scarcity

question 61

Multiple Choice

Which of the following sentences is the best example of scarcity of time?

• A)Peter buys a hamburger.
• B)John-Michael wants to spend his money on a new hoverboard.
• C)Alexander is doing homework instead of going to the movies with his friends.
• D)Amanda,a geography teacher,is retired.
• E)Bill is unemployed.

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Definitions:

Retained Earnings

The portion of a business's profits not distributed to shareholders, instead being reinvested in the business or used to pay off debt.

Net Income

The total amount of profit earned by a company after all expenses and taxes have been deducted from total revenue.

Cash Dividends

Profits distributed by a company to its shareholders out of the company's current or retained earnings, typically in the form of cash.

Preferred Stock

A class of ownership in a corporation with a specified dividend that is paid before any dividends are paid to common stock holders and typically with no voting rights.