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klaudia010911 klaudia010911
  • 06-09-2015
  • Social Studies
Answered

Which of these terms means "the level of satisfaction a need or want provides"?


1.Choice

2.Scarcity

3.Utility

4.Opportunity cost

Verified Answer :

HistoryGuy HistoryGuy
  • 07-10-2015

"Utility" would be the best option for "the level of satisfaction a need or want provides" in the realm of economics, since a person "utilizes" something in order to get this satisfaction.

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