menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Today Study Set 1
  4. Exam
    Exam 2: Scarcity and the World of Trade-Offs
  5. Question
    From the Economist's Point of View
Solved

From the Economist's Point of View

Question 297

Question 297

Multiple Choice

From the economist's point of view


A) wants and needs are exactly the same.
B) a want is a lifesaving necessity.
C) needs are objectively undefinable.
D) we all have wants but only very poor people have needs.

Correct Answer:

verifed

Verified

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

Related Questions

Q292: Scarcity is<br>A) a shortage of goods and

Q293: Jose and Maria work at a restaurant.

Q294: What happens to overall living standards when

Q295: In the above figure, what is the

Q296: Between points "b" and "c" in the

Q298: One of the assumptions underlying the production

Q299: Which of the following statements is NOT

Q300: Distinguish the concepts of comparative advantage and

Q301: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -A farmer has

Q302: A production possibilities curve with quantities of

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