Figure 1.3 -Scarcity Is a Result of an Unfair Distribution of Income

question 19

True/False

Figure 1.3

-Scarcity is a result of an unfair distribution of income.

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Definitions:

Articles of Organization

Legal documents filed with the state that formally establish the creation of a limited liability company (LLC).

Limited Liability Company

An organizational model that merges the direct tax benefits of a partnership or single ownership with the reduced legal responsibility of a corporation.

Foreign Corporation

A corporation created by or organized under the laws of a state other than the one in which it is operating.

Certificate of Authority

A document issued by a governmental authority granting permission to a business entity to operate in a specific jurisdiction.