Consumers consume money to satisfy their economic wants.

a. True

b. False

Question

Social Studies

Stanley Diaz

1 November, 06:43

Consumers consume money to satisfy their economic wants.

a. True

b. False

+2

Answers (1)

Know the Answer?

Jett Watts · Answer 1

To "consume" means to use as in drink or eat, or to buy something.

Money in itself is not consumed: instead, it is used as a means of exchanged for a good which is consumed; therefore the correct answer is "False" - it is not true that consumers consume money.

Consumers consume money to satisfy their economic wants.a. Trueb. False

Consumers consume money to satisfy their economic wants.

a. True

b. False