Human beings
A) have unlimited wants.
B) think they have unlimited wants, but really have limited needs.
C) have limited wants, but unlimited needs.
D) know what their needs are, but do not know what their wants are.
A
You might also like to view...
The table above lists six points on the production possibilities frontier for grain and cars. From this information you can conclude that production is inefficient if this economy produces
A) 6 tons of grain and 18 cars. B) 4 tons of grain and 26 cars. C) 2 tons of grain and 27 cars. D) 8 tons of grain and 10 cars.
The purchase of stocks and bonds issued in another country is known as foreign direct investment
Indicate whether the statement is true or false
Economic analysis indicates the net long-run effect of outsourcing for the United States is likely to be
A) an increased demand for labor due to economic growth. B) a decreased in the demand for labor in the United States in the short run. C) an increase in the supply of labor. D) a decrease in the supply of labor.
According to the Lucas supply function, ________ will have an effect on real output.
A. only announced policy changes B. only unanticipated fiscal policy changes C. only unanticipated monetary policy changes D. any unanticipated policy changes