1.1 - Introduction
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Practice Questions
Test your understanding with targeted questions
What is economics?
💡 Hint: Think about resource management.
What does scarcity mean?
💡 Hint: Consider why we have to make choices.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What is the primary focus of economics?
💡 Hint: Consider what economics helps us understand.
True or False: All wants are needs.
💡 Hint: Reflect on what you can’t live without.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Given a limited $100 monthly budget, develop a spending plan that covers both essential needs and some wants. Discuss the opportunity costs associated with your choices.
💡 Hint: Identify each item’s necessity level.
Analyze a situation where a government must decide between investing in healthcare or education. Discuss the opportunity costs involved in this decision.
💡 Hint: Reflect on societal implications.
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Reference links
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