Which of the Following Is an Economic Need

question 27

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:

Interviews

A method of gathering information through direct verbal interaction, typically involving one person asking questions and another responding, used in various contexts like research and employment.

Bias

An opinion held by the researcher that might affect the research or analysis.

Patterns

Recurring characteristics or events that can predict future occurrences or trends.

Sensitive Subjects

Topics that are often prone to provoke strong emotional reactions or are considered private or taboo, requiring careful handling in conversation or media.