Scarcity Refers to a Situation in Which Unlimited Wants Exceed

question 30

True/False

Scarcity refers to a situation in which unlimited wants exceed the limited resources available to fulfill those wants.

---

Definitions:

Par Value

The face value of a bond or stock as stated by the issuing company, which may differ from its market value.

Bond Ratings

Assessments made by credit rating agencies on the creditworthiness of corporate or governmental bonds, impacting the interest rates offered.

Amortized Debt

A debt in which the principal is repaid over the life of the loan rather than in a lump sum at the end.

Market Interest Rates

The prevailing rates at which borrowers can obtain loans and investors can receive returns in the financial market.