Which Statement Is One of the Four Principles of Individual

question 179

Multiple Choice

Which statement is one of the four principles of individual choice?

• A)Resources are usually renewable.
• B)The true cost of something is impossible to measure.
• C)People take advantage of opportunities to make themselves better off only if there is no risk involved.
• D)Choices are necessary because resources are scarce.

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Definitions:

Gratuitous Bailment

A bailment relationship where the bailee agrees to hold goods without receiving any form of payment, purely out of goodwill.

Bailee

A bailee is a person or party who has been entrusted with the temporary possession of goods or property belonging to another (the bailor) without transfer of ownership.

Transfer of Securities

The act of moving ownership of stocks, bonds, or other securities from one party to another.

Debtor

An individual or entity that owes money to another party.