Which of the Following Is Not an Example of Scarcity

question 5

Multiple Choice

Which of the following is not an example of scarcity?

• A) Only some people can afford to buy a BMW automobile.
• B) Every individual in society cannot attain the highest standard of living to which he or she might aspire.
• C) Miranda has an unlimited supply of oranges in her orchard.
• D) Each member of a household cannot get everything he or she wants.

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Definitions:

Stock Dividend

A dividend payment made by a company to its shareholders in the form of additional shares rather than a cash payout.

Total Assets

The sum of all assets owned by a company, including both current and non-current assets.

Par Value

The nominal or face value of a stock or bond, representing the minimum amount set by the issuing company.

State Government

The organization through which political authority is exercised at the state level, governing over a specific geographical area.