In economics,the things that people would consume if they had unlimited income,or if goods and services were available to them for free,are known as
A) needs.
B) wants.
C) preferences.
D) outputs.
Correct Answer:
Verified
Q14: In economic language,"wants"
A)is another term for needs.
B)refer
Q15: Scarcity exists because human wants _.
Q16: Which of the following statements about scarcity
Q17: In economic language,when a resource is used
Q18: In producing goods and services,trade-offs exist between
Q20: Economists do NOT refer to individual resources
Q21: Economics can usefully be defined as
A)the process
Q22: Physical capital includes
A)training programs for workers.
B)improvements to
Q23: Microeconomics concentrates on _.
Q24: In economic terminology,the accumulated experience,training and education
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