Human wants and desires
A) are rarely influenced by advertising or cultural factors.
B) can be classified into the categories of land, labor, and capital.
C) are more readily satisfied when labor productivity declines.
D) appear to be insatiable in the aggregate.
E) fall dramatically as incomes rise in the economy.
Correct Answer:
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Q6: The poor performance of the U.S.economy relative
Q7: Over time the U.S.economy has had
A) fluctuations
Q8: The basic characteristic of an economic resource
Q9: The existence of relative scarcity
A) refers to
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Q12: Economics is best defined as the study
Q13: The following question is based on the
Q14: Economic resources have a price above zero
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