Thursday, June 30, 2011

Some individuals or families can become completely saturated with a service such as television

ECONOMICS

Multiple Choice

Some individuals or families can become completely saturated with a service such as television. This suggests that

a.wants are limited

b.desires for a single commodity can be satisfied but then the focus will switch to other goods and services

c.a highly productive economy may someday be able to satisfy all human desires

d.resources are not truly fixed in supply as we generally assume

e.scarcity does not exist

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