Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
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Chapter 1.1, Problem 2R
Solution

To Identify:Whether food, car, yearly physical exam and cell phone would be regarded as a want or need along with the reasons.

Want- want is something that people desire to have.

Need- need is something that people consume for living or survival.

    Choices Want or Need Reason
    Food Food is a need Food is an essential part of life and without food we can’t survive. Therefore, it’s a need.
    Car Car is a want In today’s life, car is a want and most of the people can’t afford it.
    Yearly physical exam Yearly physical exam is a need Exams are the main part of life and for our better future.
    Cell phone Cell phone is a want cell phone can be count as want but we can survive without using cell phone.

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