When an Economist Says That Material Wants Are Insatiable, This

question 1

Multiple Choice

When an economist says that material wants are insatiable, this means that:

• A)economic resources are valuable only because they can be used to produce consumer goods.
• B)economic resources-land, labour, capital, and entrepreneurial ability-are scarce.
• C)these wants are virtually unlimited and therefore incapable of complete satisfaction.
• D)the structure of consumer demand varies from time to time and from country to country.

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