In Economics,tastes and Preferences Refer to _____

question 115

Multiple Choice

In economics,tastes and preferences refer to _____

• A)consumption.
• B)income.
• C)prices.
• D)utility.
• E)trends.

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Definitions:

Renewable Resources

Natural assets that can regenerate and sustainably yield benefits, like biomass and geothermal heat.

Littering

The act of improperly disposing of waste products in inappropriate places, leading to environmental pollution.

Consumption Per Person

Consumption Per Person refers to the average amount of resources, goods, or services used by an individual within a given population or area.

Disproportionate Use

Disproportionate Use denotes an uneven or unfair usage of resources or services, often leading to scarcity or inequity among different groups or regions.