ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Need
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Want
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Tradeoff
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None of the above
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Detailed explanation-1: -A traditional list of immediate “basic needs” is food (including water), shelter and clothing.
Detailed explanation-2: -Food, water, clothing, sleep, and shelter are the bare necessities for anyone’s survival. For many people, these basic needs can not be met without the aid of charitable organizations. A reliable place to receive a meal can be what’s needed for a person to focus on obtaining higher needs.
Detailed explanation-3: -To sustain human life, certain physiological needs include air, water, food, shelter, sanitation, touch, sleep and personal space.
Detailed explanation-4: -Living things need need air, water, food and shelter to survive. There is a difference between needs and wants. Students will be able to identify the four things that organisms need to survive.
Detailed explanation-5: -Physiological needs include air, water, food, shelter, sanitation, touch, sleep, and personal space.