Every Economy Must Ration Goods in Some Way Because of

question 122

Multiple Choice

Every economy must ration goods in some way because of

• A) overpopulation.
• B) poorly-performing markets.
• C) the income gap between rich and poor.
• D) scarcity.

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Definitions:

Accounts Receivable Period

The time between sale of inventory and collection of the receivable.

Events Sequence

The order in which events occur, often important in planning, project management, and process execution.

Receivable

A receivable is an amount of money owed to a firm by its customers following the sale of goods or services on credit.

Accounts Receivable

These are funds owed to a company by customers for goods or services delivered or used but not yet paid for; considered a current asset on the balance sheet.