Which of the Following Is a Not Direct Result of Scarcity

question 17

Multiple Choice

Which of the following is a not direct result of scarcity?

• A) Buildings in New York City are taller than buildings in Greenville, SC due to fewer acres of land per person.
• B) Due to high gas prices, Shana decides to trade her Chevy Tahoe for a Honda Accord.
• C) A college student misses a test review in order to sleep in.
• D) The total amount of air we can breathe as others draw breaths from that same air space.

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Definitions:

Notes

A financial document representing an agreement for a borrower to pay back a lender according to specified terms, often detailing the interest rate, repayment schedule, and maturity date.

Balance Sheet

A financial statement that displays a company's financial position at a certain date, showing assets, liabilities, and shareholders' equity.

Net Loss

Occurs when a company's expenses exceed its revenues during a specific period, leading to a negative profit.