Multiple Choice
Which of the following statements regarding people's wants is true?
A) Over time, people's wants tend to be stable and constant
B) As people consume more products, their wants will be reduced
C) Intangible serves, like tangible goods, may satisfy people's wants
D) People's wants do not include their basic needs
Correct Answer:

Verified
Correct Answer:
Verified
Q60: Economic growth is shown as an increase
Q105: The budget line shows the various incomes
Q114: The economic principle that "unemployment rate will
Q116: The following graph is the production possibilities
Q117: A nation can produce two products: steel
Q118: A nation can produce two products: tanks
Q121: The economizing problem faced by a society
Q122: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" Refer to the
Q123: Economists would classify all of the following
Q124: The basic truth that underlies the study