Because of Scarcity, _____

question 48

Multiple Choice

Because of scarcity, _____.

• A)we must sacrifice valuable alternatives to obtain more of the goods and services we desire
• B)the opportunity cost of consumption is zero
• C)we can obtain more of a desirable good without sacrificing other goods and services
• D)society wants a proportion of its population to remain poor
• E)the opportunity cost of production is zero

Understand bond pricing mechanisms and the inverse relationship between market interest rates and bond prices.

Acknowledge different types of bonds and their characteristics.

Realize the operational and legal aspects of bond issuance and management.

Interpret the tax implications and unique features of zero coupon bonds.

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Definitions:

Formal Religion

Organized religious practices and institutions that have structured doctrines, rituals, and clergy, as opposed to more personal or informal spiritual beliefs.

Agnostics Or Atheists

Individuals who either doubt the existence of God or gods (agnostics) or deny the existence of any deities (atheists).

Secularization

The process by which developed societies move away from explanations based on religion to ones based on science, rationality, and logic.

Rationality

The quality of being based on or in accordance with reason or logic.