Why Is It That All of Our Wants Cannot Be

question 175

Multiple Choice

Why is it that all of our wants cannot be satisfied?

• A) because of shortages
• B) because we cannot seem to decide what we really want
• C) because other people try to change your mind about what you want
• D) because limited resources mean all the goods we want cannot be obtained

Explain the factors of production and their role in the economy.

Discuss the conditions under which economic growth occurs and its challenges.

Comprehend how scarcity and unlimited wants lead to economizing choices.

Understand the impact of technology on an economy’s production capabilities.