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- 1. Multiple Choice
What is the fundamental economic problem?
Racism
Scarcity
Money
Greed
- 2. Multiple Choice
Limited resources but unlimited wants refers to:
Scarcity
Choice
Climate change
Greed
- 3. Multiple Choice
Economics is concerned with each of the following EXCEPT?
Allocation of scarce resources to produce goods and services
Explaining what factors influence consumer behaviour
Yoga
Choice
- 4. Multiple Choice
What are resources?
Different sources used in the economy
The use of things to meet the problem of scarcity
Inputs used in the production of goods and services
Technological progress
- 5. Multiple Choice
The study of economics is divided into
Choice and sacrcity
Big and small economics
Labour and capital economics
Macroeconomics and Microeconomics
- 6. Multiple Choice
What to produce? How to produce? and When to produce? Are ...
Fundamental Economics problem
Fundamental economic questions
Scarcity
Government issues
- 7. Multiple Choice
Which is NOT one of the fundamental economic question
What to produce
How to produce
When to produce
For whom to produce
- 8. Multiple Choice
Wants are
Things you essential for survival
Food, clothing, shelter
Desires that are not essential to survive
Air, water, food
- 9. Multiple Choice
Select all the needs below
Things you essential for survival
Food, clothing, shelter
Desires that are not essential to survive
Soda, Wifi, Netflix
- 10. Multiple Choice
Napoleon, Snowball and Boxer are all part of the ______
Economy
Animal farm movie
BLM Movement
Trade wars
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