Which of the Following Is an "Economic Need

question 237

Multiple Choice

Which of the following is an "economic need"?

• A) Desire for self-satisfaction and convenience.
• B) Desire for efficiency in the use of the consumer's money.
• C) Desire for efficiency in the use of the consumer's time and money.
• D) Desire for prestige and paying a high price for the best quality.
• E) Desire for status and paying a high price for the best quality.

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Definitions:

Identity Concerns

Issues related to how individuals perceive themselves and how they are perceived by others, often relevant to social, cultural, and personal development.

Worldview

The fundamental cognitive orientation of an individual or society encompassing the entirety of the individual or society's knowledge and point of view.

Vocational Goals

Career objectives or employment outcomes an individual aims to achieve, often related to their skills, interests, and values.

Social Status

The position or rank of a person or group within the society based on wealth, occupation, education, or family lineage.