Question

if a patient spends money on medicine rather than on entertainment, it implies that ?
a) wants are competitive
b)wants are complementary
c) wants differ in urgency
d) wants are recurring​

Answer 1

Answer:

C. Wants differ in urgency

Answer 2

If a patient spends money on medicine rather than on entertainment, it implies that wants differ in urgency. So option c 'wants differ in urgency' is the correct answer.

• Wants differ in urgency is a characteristic of human wants.
• Wants differ in urgency states that, all wants are not equally urgent or important.
• Sometimes few wants are more urgent than the others.
• In such conditions, the most urgent wants should be given priority and need to be satisfied first. For example, the want for medicine is more important than visiting a film.
• Human wants is the desire to have a commodity. Human wants and their satisfaction plays a major role in all economic activities.