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An Economist Who Says That Consumer Wants Are Inexhaustible Means

Question 18

Multiple Choice

An economist who says that consumer wants are inexhaustible means that:


A) economic resources are valuable only because they can be used to produce consumer goods
B) economic resources-natural, capital, and human resources-are scarce
C) consumers wants are virtually unlimited and, therefore, incapable of being fully satisfied
D) the nature of consumer wants is highly unpredictable
E) the nature of consumer demand varies from time to time and from country to country

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