If everybody had an unlimited supply of economic resources, which of the following would not exist?

a. wants
b. capitalism
c. scarcity
d. needs

Ans: c. scarcity

Business

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Bill and Deidre were married for 22 years. They died in a car accident without leaving behind a will. They had no surviving children, but they were close to many of their living relatives

According to the Uniform Simultaneous Death Act, how would the couple's properties be distributed following their death? A) It would be made into a charitable fund by a court-appointed trustee. B) It would escheat to the government. C) It would be distributed to their respective relatives. D) It would be sold by the government, and the proceedings from the sale would then go to their relatives.

Business

If a person signs a written contract in a language they do not understand the contract could be void due to

A) mistake B) misrepresentation C) duress D) non est factum E) undue influence

Business