2
QuizMultiple Choice

Economic Decision-Making and Microeconomics — Test

Question 2 • Personal Finance and Economics

Which is an example of a product that is considered a need?

Answer
A
sports equipment
B
music player
C
breakfast food
D
video game

Explanation

A need is something essential for basic living, such as food, water, or shelter. Breakfast food provides nourishment, while sports equipment, a video game, and a music player are generally wants rather than necessities. Therefore, breakfast food is the example of a need.

AI-written and checked against the verified answer.

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