People work, according to Jean Baptiste Say, so that they can (LO1) a) consume c) stay busy b) save d) none of these

Short Answer

Expert verified
The correct answer is a) consume, as this aligns with Jean Baptiste Say's perspective that people work to produce goods and services, which can then be exchanged for other goods and services to satisfy their needs and desires. This act of exchanging goods and services for personal consumption is the primary motivation behind work, according to Say.

Step by step solution

01

Understand Jean Baptiste Say's perspective

Jean Baptiste Say was a classical economist best known for Say's Law, which basically states that supply creates its own demand. According to him, people work to produce goods and services that can be exchanged for other goods and services. This implies that people work to be able to consume.
02

Analyze the given options

a) Consume: This choice relates to Say's perspective. People work to produce goods and services, then trade them for other goods and services to satisfy their needs and desires. This is the act of consumption. b) Save: Saving may be one of the reasons people work, but it is not the main motivation behind work, according to Say. While saving is important, it is not the primary goal for working in Say's perspective. c) Stay busy: This choice implies that people work just to occupy their time. This is not aligned with Say's perspective on why people work since it ignores the production and consumption aspects. d) None of these: If none of the previous options were closely aligned with Say's perspective, this would be the correct choice. However, since option (a) fits well with Say's viewpoint, this is not the correct answer.
03

Choose the correct answer

Based on our understanding of Jean Baptiste Say's perspective, the correct answer is: a) consume

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