The Statement "People Have Unlimited Wants," Implies That People

question 29

Multiple Choice

The statement "people have unlimited wants," implies that people:

• A)always want more goods/services than they can purchase with their incomes.
• B)always have a desire to hold liquid money.
• C)always strive to be the best they can be.
• D)generally desire for goods and services which they can afford out of their income.
• E)try to earn more and more money as their experience at work increases.

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Definitions:

British Pound

The official currency of the United Kingdom, also known as GBP.

American Options

Options contracts that allow the holder to exercise the option at any time up to and including the expiration date.

Expiration Date

The date on which an option, futures contract, or insurance policy loses its validity or effect.

Exchange Rate

A financial metric used to determine how much one currency is worth in terms of another for trade and financial transactions.