Your cellular phone contract is due for renewal and the company offers you a new free phone.Since you want to use your new phone,you decide to recycle your old phone.Your action

A) Creates wealth by moving the phone from lower value use to higher value use
B) Destroys wealth since you lose your phone
C) Creates wealth by making you feel richer
D) All of the above

Question

​Your cellular phone contract is due for renewal and the company offers you a new free phone.Since you want to use your new phone,you decide to recycle your old phone.Your actionA) ​Creates wealth by moving the phone from lower value use to higher value useB) Destroys wealth since you lose your phoneC) Creates wealth by making you feel richerD) ​All of the above

Wisdom Anani · Accepted Answer

Final Answer : A, Explanation :  Recycling the old phone creates wealth by allowing someone else to use it instead of letting it go to waste. The phone is moved from a lower value use (sitting unused in a drawer) to a higher value use (being used by someone else who needs a phone). This benefits both the person who receives the phone and the environment, as it reduces e-waste.

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