If a Resource Is Always Available When Needed,then It

question 64

Multiple Choice

If a resource is always available when needed,then it

• A)will be more expensive than other resources.
• B)is not scarce.
• C)has a high opportunity cost.
• D)is not tangible.
• E)is scarce.

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Definitions:

Suggested List Price

Refers to the price that manufacturers propose retailers sell a product for, serving as a guideline.

Cashmere Sweater

A cashmere sweater is a luxurious garment made from the soft undercoat of the cashmere goat, known for its warmth, lightness, and softness.

Cumulative Discounts

Price reductions based on the volume or quantity of items purchased over time.

Noncumulative Discounts

Price reductions that are offered on a one-time basis and do not accumulate over time or through additional purchases.