Services can be thought of as
A) free goods.
B) intangible goods.
C) unvalued goods.
D) unwanted goods.
Correct Answer:
Verified
Q6: Scarcity implies that people must
A)be selfish.
B)make choices.
C)be
Q7: Scarcity implies that
A)people should limit their wants.
B)firms
Q8: Economists sometimes say that wants are "unlimited"
Q9: "Wants" are
A)another term for needs.
B)all the things
Q10: A person goes to college to become
Q13: Economists speak of using resources to satisfy
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
Q22: The most basic concept in economics is
A)wealth.
B)income.
C)scarcity.
D)spending.
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