2. Which of the following is considered an economic want?
A. Food
B. Baby Yoda (Grogu) Pop Funko
C. Water
D. Shelter
A. Food
To determine which of the listed options is considered an economic want, we need to understand what an economic want is. An economic want refers to something that is desired by individuals but is not necessary for survival. It involves goods and services that provide satisfaction and improve the quality of life but are not essential for our basic needs.
Now, let's analyze each option:
A. Food: Food is necessary for survival and is considered a basic need, so it is not just an economic want but also a biological need.
B. Baby Yoda (Grogu) Pop Funko: This option refers to a specific collectible toy. Collectible toys like Pop Funkos are considered economic wants because they are not essential for survival but something that individuals desire for personal enjoyment or to add to a collection.
C. Water: Similar to food, water is essential for survival, making it a basic need rather than just an economic want.
D. Shelter: Shelter refers to having a place to live, which is also considered a basic need for human survival. It provides protection, safety, and a sense of security, making it more than just an economic want.
Based on the analysis, the correct answer among the given options is B. Baby Yoda (Grogu) Pop Funko. It represents a non-essential item desired for personal enjoyment, making it an economic want.
The economic want among the options provided is:
B. Baby Yoda (Grogu) Pop Funko.