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Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define 'scarcity'.
π‘ Hint: Think about what makes resources limited.
Question 2
Easy
What does 'choice' mean in economics?
π‘ Hint: Consider why we need to choose.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is scarcity?
π‘ Hint: Think about the relationship between wants and resources.
Question 2
True or False: Rational choice means that individuals always make the best decision.
π‘ Hint: Look into real-life decision influences.
Solve 1 more question and get performance evaluation
Push your limits with challenges.
Question 1
Imagine you are a product manager at a tech company. You have a budget to either develop a new app or enhance an existing one. Describe your decision-making process, including opportunity costs.
π‘ Hint: Evaluate market trends and customer feedback.
Question 2
Design a small survey for your peers to analyze how they make daily choices regarding money. What patterns can you identify from this data?
π‘ Hint: Ensure questions are clear and encourage thoughtful responses.
Challenge and get performance evaluation