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WAEC Economics 2014 Question 1

Question 1

Basic Concepts

Human wants are unlimited because

  1. A.production is inadequate.
  2. B.resources have alternative uses.
  3. C.new wants always arise.
  4. D.resources are limited.
Show the answer and explanation

Answer: C (new wants always arise.)

Explanation

As soon as one want is satisfied, new ones appear, so wants never end.