Choose the given statement as true/false:

More Income means more of all things that humans need.

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True

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answer is A.

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Detailed Solution

The above statement is true.
People want more income to fulfil their desires and goals, and the medium is money. The things people can buy with money cannot be purchased with anything else. It can be used as a transaction value to exchange goods and services. It is the widely accepted way to buy anything and holds the value written on printed notes and coins. Thus, people need money to buy every single good and service they want in their lives. Money can provide them with all the comforts of life, and they can quickly fulfil their needs and necessities. Thus, more income means more of all the things human beings need.

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