QuestionMay 24, 2025

Which of the following is true of wants and needs? They are unlimited. They are irrelevant. They are finite. They are insignificant.

Which of the following is true of wants and needs? They are unlimited. They are irrelevant. They are finite. They are insignificant.
Which of the following is true of wants and
needs?
They are unlimited.
They are irrelevant.
They are finite.
They are insignificant.

Solution
4.3(297 votes)

Answer

They are unlimited. Explanation 1. Analyze the nature of wants and needs Wants and needs are fundamental concepts in economics. They refer to desires for goods and services that provide utility or satisfaction. 2. Determine the characteristics of wants and needs Wants and needs are considered unlimited because people always desire more than what they currently have, and new wants and needs can arise over time.

Explanation

1. Analyze the nature of wants and needs<br /> Wants and needs are fundamental concepts in economics. They refer to desires for goods and services that provide utility or satisfaction.<br /><br />2. Determine the characteristics of wants and needs<br /> Wants and needs are considered unlimited because people always desire more than what they currently have, and new wants and needs can arise over time.
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