Ask Question
BusinessBusiness
Today, 11:57

Each individual must make choices because A. wants are sometimes mixed up with needs. B. resources are limited and therefore cannot satisfy one's many competing wants. C. needs are more important than wants. D. even if one's wants are completely satisfied, insufficient time exists to fully enjoy all of them.

+4
Answers (1)
  1. Today, 12:21
    0
    The correct answer is letter "B": resources are limited and therefore cannot satisfy one's many competing wants.

    Explanation:

    Scarcity is the main problem in economic by which people have unlimited needs but finite resources to satisfy them. As a result, individuals must make tradeoffs to sacrifice part of the satisfaction of a need, to satisfy part of another need. Scarcity pushes people to make rational decisions to maximize their returns.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Each individual must make choices because A. wants are sometimes mixed up with needs. B. resources are limited and therefore cannot satisfy ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Choice of ownership determines the degree to which each owner has personal liability for the firm's debts and the sources of funds available to the firm to finance future expansion.
Answers (1)
When Economic activity slows down its called? c. inflation h. recession d. deflation i. depression
Answers (1)
In basing a credit decision on the applicant's income, the credit extender must consider alimony, child support, and maintenance payments as income. a. True b. False
Answers (1)
Which of the following issues can be offered to the public under the 1933 Act? 1. An exempt security. 2. A security registered under the Act. 3. An issue on which the SEC has approved the preliminary prospectus.
Answers (1)
Misty Mountain Shop is considering purchasing a new piece of equipment that would be used for 6 years. The cost savings from the equipment would result in an annual increase in cash flow of $200,000.
Answers (1)
New Questions in Business
When a licensee transfers from the employ of one broker to another, of the following who is responsible for surrendering the license to the Real Estate Commission:
Answers (1)
How to respond to questions in a non aggreseive and professional manner
Answers (2)
A profit-maximizing firm in a competitive market is able to sell its product for $7. At its current level of output, the firm's average total cost is $10.
Answers (1)
Each individual must make choices because A. wants are sometimes mixed up with needs. B. resources are limited and therefore cannot satisfy one's many competing wants. C. needs are more important than wants. D.
Answers (1)
Brainliest Week Andy is an employee of a fast-food restaurant. Andy uses his income from this job to buy a ticket to a rock concert.
Answers (1)
Home » Business » Each individual must make choices because A. wants are sometimes mixed up with needs. B. resources are limited and therefore cannot satisfy one's many competing wants. C. needs are more important than wants. D.
Sign Up Forgot Password?