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A friend says, "I really, really need a new car." As an economist, you're thinking ______

(A) This is an example of how objectively undefinable needs are.
(B) Many would argue that this friend could get along just fine with a reliable used car.
(C) Right! Everyone needs a new car.
(D) that a new car can only be considered a need if at least 51% of the public agrees.
(E) If this friend says she needs a new car, then we must all agree that a new car is a need and not just a want.

User GLP
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1 Answer

3 votes

A) This is an example of how objectively undefinable needs are.

User Ferry Boender
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