The Overriding Reason Why Households and Societies Face Many Decisions

question 35

Multiple Choice

The overriding reason why households and societies face many decisions is that

• A)resources are scarce.
• B)goods and services are not scarce.
• C)incomes fluctuate with business cycles.
• D)people, by nature, tend to disagree.

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Definitions:

Required Return

The return a investor expects to earn on an investment, taking into account the risk associated with it.

Selling

The act of offering goods or services in exchange for money or other compensation.

Dividend

A portion of a company's earnings distributed to shareholders as a return on their investment.

Constant

An unchanging value in an equation or model, or a fixed value that does not vary over time.