Which of the Following Statements Regarding People's Wants Is True

question 237

Multiple Choice

Which of the following statements regarding people's wants is true?

• A) Over time, people's wants tend to be stable and constant.
• B) As people consume more products, their wants will be reduced.
• C) Intangible services, just like tangible goods, may satisfy people's wants.
• D) People's wants do not include their basic needs.

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Definitions:

Group

An ensemble of persons who engage in interaction, have alike features, and as a whole experience a sense of cohesion or identity.

Tensions

Psychological or emotional strain or stress that can arise from a variety of sources, often associated with conflicting demands or challenges.

Realistic Conflict Theory

A social psychological model that explains how conflict and hostility between groups arise from competition over resources or conflicting goals.

Competition

A situation in which individuals or groups vie with each other to achieve a goal that cannot be shared or that is desired individually.