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A fundamental belief or practice about what is desirable, worthwhile, and important to an individual.
Things that reflect her fundamental beliefs about what is worthwhile and important to her
Everything is influenced by values
Opportunity cost
Want
Value
Megan bought a prom dress and used all the money she saved for tires. Now her tires need replacing and she can't afford it.
Ian has found two different cars. The first car has a better sound system the second has better mileage.
Needs
The desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival
Things that reflect her fundamental beliefs about what is worthwhile and important to her
Everything is influenced by values
Opportunity cost
Want
Value
Megan bought a prom dress and used all the money she saved for tires. Now her tires need replacing and she can't afford it.
Ian has found two different cars. The first car has a better sound system the second has better mileage.
Needs
Megan's mother suggested that she was experiencing the consequences of her trade off regarding a decision she made to purchase a dress for prom. Which situation does Megan most likely find herself in for her mother to have made this comment?
Things that reflect her fundamental beliefs about what is worthwhile and important to her
Everything is influenced by values
Opportunity cost
Want
Value
Megan bought a prom dress and used all the money she saved for tires. Now her tires need replacing and she can't afford it.
Ian has found two different cars. The first car has a better sound system the second has better mileage.
Needs
Goods or services that are required for survival
Things that reflect her fundamental beliefs about what is worthwhile and important to her
Everything is influenced by values
Opportunity cost
Want
Value
Megan bought a prom dress and used all the money she saved for tires. Now her tires need replacing and she can't afford it.
Ian has found two different cars. The first car has a better sound system the second has better mileage.
Needs
The value of the next best alternative that must be forgone as a result of a decision.
Things that reflect her fundamental beliefs about what is worthwhile and important to her
Everything is influenced by values
Opportunity cost
Want
Value
Megan bought a prom dress and used all the money she saved for tires. Now her tires need replacing and she can't afford it.
Ian has found two different cars. The first car has a better sound system the second has better mileage.
Needs
Erica wants her class project to reflect her values. Which items would be best to include?
Things that reflect her fundamental beliefs about what is worthwhile and important to her
Everything is influenced by values
Opportunity cost
Want
Value
Megan bought a prom dress and used all the money she saved for tires. Now her tires need replacing and she can't afford it.
Ian has found two different cars. The first car has a better sound system the second has better mileage.
Needs
Which of the following factors is not influenced by values?
Things that reflect her fundamental beliefs about what is worthwhile and important to her
Everything is influenced by values
Opportunity cost
Want
Value
Megan bought a prom dress and used all the money she saved for tires. Now her tires need replacing and she can't afford it.
Ian has found two different cars. The first car has a better sound system the second has better mileage.
Needs
Ian has been shopping for a different vehicle for the past several months. He needs something reliable and would really like something with a nice sound system. He and his parents have talked about how much he can afford.
Things that reflect her fundamental beliefs about what is worthwhile and important to her
Everything is influenced by values
Opportunity cost
Want
Value
Megan bought a prom dress and used all the money she saved for tires. Now her tires need replacing and she can't afford it.
Ian has found two different cars. The first car has a better sound system the second has better mileage.
Needs
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