1.1 - What is Economics?
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Practice Questions
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What is economics?
💡 Hint: Think about the decisions made involving limited resources.
Define scarcity.
💡 Hint: Consider what happens when resources aren't enough.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the main focus of economics?
💡 Hint: Consider the broader implications beyond just money.
Scarcity is a situation where resources are:
💡 Hint: Reflect on the nature of resources in daily life.
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Challenge Problems
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How would an economy handle extreme scarcity during a natural disaster?
💡 Hint: Reflect on how societies prioritize during crises.
In a mixed economy, how can government interventions affect individual choices?
💡 Hint: Consider how laws shape economic behavior.
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