Wants Are Thought to Be Influenced by Emotion or Desire

question 69

True/False

Wants are thought to be influenced by emotion or desire.

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Definitions:

Positive Economic Statement

An objective statement based on fact that can be tested and validated.

Government Spending

Expenditures made by the government for its operations, programs, and public services.

Taxes

Mandatory contributions to state revenue, levied by the government on workers' income, business profits, or added to the cost of some goods, services, and transactions.

National Income

The total amount of money earned within a country from production and services over a specific time period.