Question

This question is related to economics. Solve this if you want to be marked the brainliest.

Answer 1

1. The families would want their children to grow up in good conditions and get expensive education.
2. Family B.
3. Probably access to a quality education for their children - Ivy League schools etc.
4. Better healthcare. a good house.
5. Because it all depends upon their economic status at an instant of time.
6. Need is something that you require and cannot live without at that moment. Wants are just desires that you'd like to have.
7. Needs and wants will increase since demand for resources reaches its highest level.