menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Today
  4. Exam
    Exam 2: Scarcity and the World of Trade-Offs
  5. Question
    "Wants" as an Economic Concept Includes
Solved

"Wants" as an Economic Concept Includes

Question 203

Question 203

Multiple Choice

"Wants" as an economic concept includes


A) both material and nonmaterial desires.
B) only the purchase of necessary basic goods.
C) only the desire for luxury goods.
D) only those goods that can be purchased with one's paycheck.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: Juanita has just opened a new business

Q31: Whenever a society forgoes current consumption to

Q134: In the above figure, the opportunity cost

Q159: A point outside a society's production possibilities

Q177: Suppose you order a slice of pepperoni

Q202: In economics, the term physical capital<br>A)refers to

Q230: Comparative advantage is the ability to<br>A) perform

Q297: From the economist's point of view<br>A) wants

Q299: Which of the following statements is NOT

Q315: Which of the following would be categorized

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines