1.5 - Importance of Economics
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Practice Questions
Test your understanding with targeted questions
What are rational choices?
💡 Hint: Think about how choices are made logically.
Define scarcity.
💡 Hint: Consider resources like money, time, or materials.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does making a rational choice involve?
💡 Hint: Think about decision-making in daily life.
Scarcity exists when resources are:
💡 Hint: Remember the definition of scarcity.
1 more question available
Challenge Problems
Push your limits with advanced challenges
If a country is continuously investing in military at the expense of education, analyze the long-term effects on its economy.
💡 Hint: Think about the balance between different sectors.
Given the rise in unemployment during an economic downturn, suggest economic policies that could help recover the job market.
💡 Hint: Consider how different sectors can be supported.
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