Question

34. According to Menger, only __________ goods possess use value. a. economic b. noneconomic c. free...

34. According to Menger, only __________ goods possess use value. a. economic b. noneconomic c. free d. higher-order

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Answer #1

Correct answer is A.

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An economic good is a good or administration that has a benefit (utility) to society. Additionally, economic goods have a degree of shortage and hence an opportunity cost.

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