If Society Decides It Wants More of One Good and ________,Then

question 69

Multiple Choice

If society decides it wants more of one good and ________,then it has to give up some of another good and incur some opportunity costs.

• A)technology advances
• B)resources are underutilized
• C)all resources are fully utilized
• D)new resources are discovered

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Definitions:

Cumulative Earnings

The total net income of a company since its inception, minus any dividends paid to shareholders.

Dividends

Distributions to shareholders from a company, typically originating from the profits earned by the corporation.

Current Market Value

refers to the amount at which an asset or security could be bought or sold in a current transaction between willing parties.

Historical Cost

The original monetary value of an asset or liability as recorded at the time of acquisition, not adjusted for inflation or market changes.