Practice Scarcity: The Fundamental Problem - 3.1.1 | 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

What does scarcity mean?

πŸ’‘ Hint: Think about the basic concept that resources are limited.

Question 2

Easy

Give an example of a scarce resource.

πŸ’‘ Hint: Consider resources you encounter daily.

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 condition where resources are unlimited
  • The economic problem of having limited resources for unlimited wants
  • A principle that leads to economic growth

πŸ’‘ Hint: Consider the balance between what we desire and what's actually available.

Question 2

True or False: Opportunity cost is always expressed in monetary terms.

  • True
  • False

πŸ’‘ Hint: Think about what you give up beyond just money.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Evaluate how scarcity impacts decision-making in a city with limited water supply. Discuss what trade-offs the city must consider.

πŸ’‘ Hint: Think about how conservation measures versus consumption needs play out.

Question 2

Create a business plan that considers the scarcity of capital. How would you decide between two projects with limited financial resources?

πŸ’‘ Hint: Use the criteria of market demand and operational efficiency.

Challenge and get performance evaluation