In Economics,something That Provides Utility Is Called a

question 115

Multiple Choice

In economics,something that provides utility is called a

• A) good.
• B) bad.
• C) want.
• D) need.
• E) a and d

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Definitions:

Inductive Argument

Reasoning that moves from specific instances to a generalized conclusion, typically involving probability rather than certainty.

Premises

Statements or ideas that form the basis for a reasoned argument or the background against which an argument is formed.

Conclusion

The statement that logically follows from the premises in a logical argument, often signified by therefore.

Sample Variety

Refers to the diversity within a sample group in research, indicating a range of characteristics or attributes.