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Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is scarcity?
💡 Hint: Consider the relationship between needs and resources.
Question 2
Easy
Give an example of choice related to your personal life.
💡 Hint: Think about situations where you had to decide between options.
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 mean in economics?
- A surplus of resources
- Limited resources for unlimited wants
- Equal distribution of wealth
💡 Hint: Think about the relationship between wants and what is available.
Question 2
True or False: Opportunity cost is only about monetary loss.
- True
- False
💡 Hint: Reflect on non-monetary costs as well.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You’ve got $50 to either buy textbooks or go on a weekend trip. If you choose the trip, what is your opportunity cost, and how does it affect your studies?
💡 Hint: Consider long-term benefits versus short-term enjoyment.
Question 2
Analyze a market scenario where the demand for a product exceeds supply. What implications does this have on pricing?
💡 Hint: Reflect on limited edition products or concert tickets.
Challenge and get performance evaluation