Have an account?
Skip to Content
Introducing new Paper mode
No student devices needed. Know more
10 questions
Show Answers
See Preview
- Multiple ChoicePlease save your changes before editing any questions.
What is the fundamental economic problem?
Racism
Scarcity
Money
Greed
- Multiple ChoicePlease save your changes before editing any questions.
Limited resources but unlimited wants refers to:
Scarcity
Choice
Climate change
Greed
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
The study of economics is divided into
Choice and sacrcity
Big and small economics
Labour and capital economics
Macroeconomics and Microeconomics
- Multiple ChoicePlease save your changes before editing any questions.
What to produce? How to produce? and When to produce? Are ...
Fundamental Economics problem
Fundamental economic questions
Scarcity
Government issues
- Multiple ChoicePlease save your changes before editing any questions.
Which is NOT one of the fundamental economic question
What to produce
How to produce
When to produce
For whom to produce
- Multiple ChoicePlease save your changes before editing any questions.
Wants are
Things you essential for survival
Food, clothing, shelter
Desires that are not essential to survive
Air, water, food
- Multiple ChoicePlease save your changes before editing any questions.
Select all the needs below
Things you essential for survival
Food, clothing, shelter
Desires that are not essential to survive
Soda, Wifi, Netflix
- Multiple ChoicePlease save your changes before editing any questions.
Napoleon, Snowball and Boxer are all part of the ______
Economy
Animal farm movie
BLM Movement
Trade wars