Economists Speak of Using Resources to Satisfy Wants,not Needs

question 112

Multiple Choice

Economists speak of using resources to satisfy wants,not needs.They do so because

• A)needs are most usefully viewed as wants an individual would give up large amounts of other desirable things to satisfy.
• B)only biologists and psychologists are qualified to talk about human needs.
• C)there are not enough resources to satisfy all wants of everyone in the world but there are enough to satisfy their needs.
• D)people never make choices between their different needs.

---

Definitions:

Big Five

A theory in psychology that identifies five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

MMPI

The Minnesota Multiphasic Personality Inventory, a widely used psychological assessment tool that evaluates personality traits and psychopathology.

Self-concept

An individual's understanding and evaluation of who they are, encompassing self-awareness and self-esteem.

Conscientiousness

One of the Big Five personality traits, describing individuals who are organized, dependable, and disciplined.