ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A ____ is something you would like to have, but it is not required to live.
A
need
B
want
C
choice
D
luxury
Explanation: 

Detailed explanation-1: -A need is something that is needed to survive. A want is something that an individual desires, but would be able to live without.

Detailed explanation-2: -1) I want to chase my dream of becoming a social worker. 2) My interest in social work was from my childhood. 3) I want to do something good for the people of my country. 4) The great work of social activists attracted me to become a good person in life.

Detailed explanation-3: -Have at least one true best friend. Feel relief from social judgment. Reconcile with an enemy. Be remembered in a positive way after death. Know that you made a difference in someone else’s life. Feel important to others. Know yourself and feel centered. Live each day without regret. More items •08-Aug-2011

Detailed explanation-4: -What makes you happy? What are your needs? What are your personal values? What gives you purpose? What activities put you in a flow state? What would you do if there were no limits? Who do you admire or get jealous of? How do you envision the patterns of your life? More items

Detailed explanation-5: -What am I good at? What am I so-so at? What am I bad at? What makes me tired? What is the most important thing in my life? Who are the most important people in my life? How much sleep do I need? What stresses me out? More items

There is 1 question to complete.