Which of the Following Is NOT an Economic Need of Consumers

question 126

Multiple Choice

Which of the following is NOT an economic need of consumers?

• A) Convenience.
• B) Dependability in use.
• C) Economy of purchase.
• D) Efficiency.
• E) Hunger.

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Definitions:

Marginal Products

The additional output resulting from a one-unit increase in the use of a variable input, holding all other inputs constant.

Additional Workers

New employees hired by firms, contributing to increased production capacity or service provision.

Labor

The human effort used in the production of goods and services, in return for wages.

Instructional Modules

Structured units of educational material or courses designed to teach a specific topic or skill.