Practice Scarcity and Economic Activities - 1.1.1 | 1. Introduction | CBSE 11 Statistics for Economics
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1.1.1 - Scarcity and Economic Activities

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define scarcity in your own words.

πŸ’‘ Hint: Think about what happens when there isn't enough of something.

Question 2

Easy

What is a consumer?

πŸ’‘ Hint: Consider your own experiences when shopping.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is scarcity?

  • A lack of interest
  • Limited resources vs unlimited wants
  • Ample supply of goods

πŸ’‘ Hint: Think about how we make choices with limited options.

Question 2

True or False: Opportunity cost only refers to monetary loss.

  • True
  • False

πŸ’‘ Hint: Think of choices beyond just financial aspects.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Consider a community where fresh produce is scarce due to environmental factors. Discuss the economic implications and potential strategies to mitigate this scarcity.

πŸ’‘ Hint: Think about how scarcity affects health and local economies.

Question 2

Imagine you are a government official tasked with addressing unemployment in your district. How would you gather and analyze data to make informed policies?

πŸ’‘ Hint: Consider how data informs policy decisions.

Challenge and get performance evaluation