Question

How would you classify these equally accessible expenditures: $2 for the bus vs. $20 for a cab?(1 point) Responses Both are transportation costs and so both are spending needs. Both are transportation costs and so both are spending needs. Both represent a spending want because walking or biking may be options. Both represent a spending want because walking or biking may be options. Taking a cab is a spending need since it is likely faster and more efficient. Taking a cab is a spending need since it is likely faster and more efficient. The cost of the bus is a spending need, while the cost of a cab is a want.

Answer 1

The most accurate classification would be: "Both are transportation costs and so both are spending needs."

This is because both expenditures are necessary for transportation, regardless of their amounts. However, the context (such as urgency or convenience) can also lead to different interpretations of their necessity.