The Fact That People Have Unlimited Wants Means That

question 40

Multiple Choice

The fact that people have unlimited wants means that

• A)they always want more of at least one good
• B)each person has an unlimited desire for every good
• C)labor unions demand wage increases
• D)selfish people are not concerned about others
• E)people buy goods without regard to what they can afford

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Definitions:

Merchandise Inventory

The total cost of all the goods owned by a company that are intended for sale, during a particular accounting period.

Permissive Parents

A parenting style characterized by low demands with high responsiveness, where parents are very lenient and often only step in when serious problems arise.

Responsive

Quick to react or respond positively or sympathetically.

Undemanding

Referring to something or someone that does not require much effort, attention, or resources.