Practice Choice: The Necessity of Selection - 3.1.2 | Understanding Societies: Economic and Social Systems | IB MYP Grade 9 Individual and Societies
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define 'scarcity'.

πŸ’‘ Hint: Think about what makes resources limited.

Question 2

Easy

What does 'choice' mean in economics?

πŸ’‘ Hint: Consider why we need to choose.

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?

  • The limitation of resources
  • Unlimited wants and needs
  • Both A and B

πŸ’‘ Hint: Think about the relationship between wants and resources.

Question 2

True or False: Rational choice means that individuals always make the best decision.

  • True
  • False

πŸ’‘ Hint: Look into real-life decision influences.

Solve 1 more question and get performance evaluation

Challenge Problems

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.

πŸ’‘ 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?

πŸ’‘ Hint: Ensure questions are clear and encourage thoughtful responses.

Challenge and get performance evaluation