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:

Verified
Correct Answer:
Verified
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