Question

In economics wealth is the stock of all those material and immaterial objects which _______.

• A. are transferable
• B. have utility
• C. are scarce
• D. all the three

Answer 1

The correct option is D all the three

1) Wealth are transferable. For example, money is a part of wealth and can be transferred fro one place to another.

2) Material and immaterial objects possess some kind of power of satisfying wants of the human beings. Therefore, wealth has utility.

3) Wealth are the scarce resources but human wants are unlimited.