Wants are
A) another term for needs.
B) the things people would consume if they had unlimited incomes.
C) the things people consume with their income.
D) all the things people really need in order to live comfortably.
Correct Answer:
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Q19: In economics, all the items that people
Q20: Economic analysis is used
A) only by instructors
Q21: _ are the things that are used
Q22: Economics is the study of how people
Q23: Macroeconomics is the study of
A) aggregate economic
Q25: In economics
A) both resources and wants are
Q26: Economics is most precisely defined as
A) a
Q27: Which of the following is a characteristic
Q28: Economics is a
A) hard science.
B) physical science.
C)
Q29: The primary objective of economics is
A) to
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