Which of the following statements regarding people's wants is true?
A. Over time, people's wants tend to be stable and constant
B. As people consume more products, their wants will be reduced
C. Intangible serves, like tangible goods, may satisfy people's wants
D. People's wants do not include their basic needs
Answer: C
Economics
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An increase in the desired stock of housing would be caused by ________
A) an increase in household formation B) higher residential consumption C) a decrease in expected future income D) an increase in home prices
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Exchange by barter requires a coincidence of wants.
Answer the following statement true (T) or false (F)
Economics