Which of the Following Is an Economic Need

question 251

Multiple Choice

Which of the following is an economic need?

• A)desire for self-satisfaction and convenience
• B)desire for efficiency in the consumer's investment plans
• C)desire for efficiency in the use of the consumer's time and money
• D)desire for prestige and paying a high price for the best quality
• E)desire for status and paying a high price for the best quality

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Definitions:

Shift Choices

The process of changing one's decisions or preferences in response to new information or changes in circumstances.

Routine

A set sequence of actions regularly followed, often establishing a habit or pattern of behavior.

Jet Lag

A temporary sleep disorder that can affect anyone who quickly travels across multiple time zones, disrupting the body's internal clock.

Time-zone Desynchronization

A temporary condition often experienced after long-distance travel across time zones, commonly known as jet lag, where the body's internal clock is out of sync with the local time.