Wants as an economic concept includes
A) both material and nonmaterial desires.
B) only the purchase of necessary basic goods.
C) only the desire for luxury goods.
D) only those goods that can be purchased with one's paycheck.
Question 2
Market failures include all of the following EXCEPT
A) equalization of quantity supplied and quantity demanded.
B) public goods.
C) positive externalities.
D) negative externalities.
