Shield deodorant and Gucci Perfume are products that satisfy Physiological needs.TrueFalse Which of the following is NOT regarded as one of the 4 Limited resources?CoalBuildersHeavy machineryStationary An economic system is chosen to achieve the highest possible satisfaction of needs using scarce resources.TrueFalse The challenge of how to achieve the highest possible satisfaction of needs using scarce resources is also called the Economic Problem.TrueFalse PLEASE ASSIST

1. Shield deodorant and Gucci Perfume are products that satisfy Physiological needs. - FALSE

Answered: Shield deodorant and Gucci Perfume are…

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 4SQ

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Shield deodorant and Gucci Perfume are products that satisfy Physiological needs.
1. True
2. False

Which of the following is NOT regarded as one of the 4 Limited resources?
1. Coal
2. Builders
3. Heavy machinery
4. Stationary

An economic system is chosen to achieve the highest possible satisfaction of needs using scarce resources.
1. True
2. False

The challenge of how to achieve the highest possible satisfaction of needs using scarce resources is also called the Economic Problem.
1. True
2. False

PLEASE ASSIST

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