For Economists, the Terms Wants and Demands Mean the Same

question 100

True/False

For economists, the terms wants and demands mean the same thing.

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Definitions:

Ethnicity

Shared cultural, national, tribal, religious, linguistic, or ancestral characteristics among a group of people.

Progression

The act of moving forward or advancing towards a specific goal or higher stage.

Sit-And-Reach

A common fitness test of flexibility that measures the ability to reach forward while sitting on the floor with legs extended.