Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take mock test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define scarcity in your own words.
💡 Hint: Think about the relationship between wants and resources.
Question 2
Easy
List two examples of resources that may be scarce.
💡 Hint: Consider both personal and societal resources.
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 does scarcity refer to?
- Limited resources
- Unlimited wants
- Both A and B
💡 Hint: Remember the core of the definition involving both resources and wants.
Question 2
Scarcity forces individuals and societies to make choices. True or False?
- True
- False
💡 Hint: Reflect on how we make choices in everyday life.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Consider a small island nation with limited land. They can either grow food to feed their population or develop tourism. Analyze the long-term consequences of choosing one over the other.
💡 Hint: Think about the long-term effects on the island’s economy.
Question 2
A city has a limited budget and must decide between investing in public transport or road repairs. Discuss how scarcity influences this decision.
💡 Hint: Consider community needs when weighing the options.
Challenge and get performance evaluation