54. A consumer should choose the most urgent want for satisfaction, as the means are
always
a. Limited
b. Costly
c. Luxurious
d. Vary
55. If we satisfy a want in particular way for quite sometime, it becomes a
a. Costly
b. Habit
c. Luxurious
d. Limited
56. The measure or the evaluated amounts of different kinds and qualities of economic
goods involved in meeting the physical and psychic needs and wants of the different
individuals composing the family defines
Standard of goods
b. Standard of giving
c. Standard of living
d. Standard of products
a.
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Answer:
54. b
55. c
56. d
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