Our Needs and Choices

Which of the following is need?

• chips

• fruits

• burger

• candies

Suppose its a cold winter day, and your shivering with cold, so in this case what will be your need?

• milkshake

• juice

• ice cream

• Hot soup

Which is the value of the second best alternative forgone?

• Opportunity cost

• economic choice

• Goods

• services

A doctor in a hospital with cheap equipment will charge _________.

• more

• average

• less

• nothing

If BOOK is goods then what will be its related service?

• gardening

• clothes

• teaching

• tailor

Suppose its a rainy day, and you have to go out what will be your need?

• jacket

• raincoat

• muffler

• sweater

A biscuit of high quality will have _______ price.

• cheap

• average

• high

• low