3.1 - Introduction
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Practice Questions
Test your understanding with targeted questions
Define scarcity in your own words.
💡 Hint: Think about what happens when there are not enough resources available.
What is meant by unlimited wants?
💡 Hint: Consider examples of things you might desire.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does scarcity imply in an economy?
💡 Hint: Think about the core definition of scarcity.
True or False: Human wants are limited.
💡 Hint: Consider your own experiences with wants.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Consider an economy where the government must choose to allocate resources between healthcare and education. Create a debate outline for each side.
💡 Hint: Think about societal impacts and future generations.
Analyze how a company decides which products to prioritize during a resource shortage. Provide a case study scenario.
💡 Hint: Consider market demand and company values.
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Reference links
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