Article of the Week #6

What is the main difference between a want and a need according to the passage?

• A need is essential for survival, while a want is not.

• A want is essential for survival, while a need is not.

• Both wants and needs are essential for survival.

• Neither wants nor needs are essential for survival.

Which of the following is an example of a need?

• A new video game

• A fancy pair of shoes

• Nutritious meals

• A luxury car

Why is it important to distinguish between wants and needs?

• To ensure we spend money on non-essential items

• To manage resources wisely and prioritize essentials

• To avoid buying anything at all

• To focus only on luxury items

What can make it challenging to distinguish between a want and a need?

• Advertisements and peer pressure

• The high cost of living

• Lack of financial resources

• Abundance of choices

What is a helpful method mentioned in the passage to separate wants from needs?

• Making a list and categorizing items

• Asking friends for advice

• Buying only discounted items

• Avoiding all advertisements

Based on the text, which of the following situations best demonstrates someone prioritizing a need over a want?

• Sarah decides to buy a new pair of designer shoes even though her rent is due

• Emma spends her savings on the latest smartphone, even though her current phone works fine

• Mike chooses to purchase groceries before going out to see a movie.

• John buys concert tickets instead of paying his monthly utility bill