A Need That Has Been Shaped by a Person's Knowledge

question 197

Multiple Choice

A need that has been shaped by a person's knowledge, culture, and personality results in a

• A) standard.
• B) want.
• C) utility.
• D) demand.
• E) preference.

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Definitions:

Third Payment

The payment that occurs as the third in a series or schedule of payments.

Borrowed

Refers to money obtained with an agreement to return it, usually with interest.

Lottery

A form of gambling involving the drawing of numbers at random for a prize.

Earn

Earn refers to receiving money in exchange for work or services rendered, or through investment returns.