The Fact That People Have Unlimited Wants Means That

question 40

Multiple Choice

The fact that people have unlimited wants means that

• A)they always want more of at least one good
• B)each person has an unlimited desire for every good
• C)labor unions demand wage increases
• D)selfish people are not concerned about others
• E)people buy goods without regard to what they can afford

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Definitions:

Bacon's Rebellion

A 1676 armed rebellion led by Nathaniel Bacon against the colonial government of Virginia, arising from settlers' frustrations with Native American policies and governmental corruption.

Blacks And Whites

Refers to people of African descent (Blacks) and people of European descent (Whites), often used in discussions about race relations and societal constructs of race.

Virginia

One of the original 13 colonies in the United States, known for its significant role in American history, including being the birthplace of several U.S. presidents.

William Penn

An English Quaker leader and advocate for religious freedom who founded the Province of Pennsylvania, a North American colony, in the late 17th century.