Questions
Questions

MUF0061 Economics Unit 1 - Semester 1, 2025 Do you really need to have that product?

Single choice

Look at the image and decide if it represents a need (something necessary for survival) or a want (something humans desire to improve our standard of living)

Options
A.a. Need
B.b. Want
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Step-by-Step Analysis
To approach this question, I’ll consider what the image suggests about basic requirements for survival versus desires that improve living standards. Option a: 'a. Need' — This choice aligns with the concept that a need is something essential for survival or basic functioning. The image shows a power ......Login to view full explanation

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