Practice Reasons for Economic Problems - 3.2 | 3. Problems of an Economy | ICSE Class 9 Economics
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does scarcity of resources refer to?

💡 Hint: Think about how many goods we can produce with what's available.

Question 2

Easy

Give an example of unlimited human wants.

💡 Hint: Consider what people often wish for or desire.

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 the primary cause of economic problems?

  • A) Abundant resources
  • B) Scarcity of resources
  • C) Strong economy

💡 Hint: Think about the basic nature of resources.

Question 2

True or False: Human wants are limited.

  • True
  • False

💡 Hint: Consider people’s desire for more possessions over time.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Given a limited budget for education and infrastructure, how should a government prioritize spending? Provide rationale for your choices.

💡 Hint: Think about which has more potential for improving quality of life.

Question 2

Consider a scenario where a factory site can be used for either producing electronics or textiles. Analyze the potential trade-offs of your choice.

💡 Hint: Look at the long-term economic impacts or sustainability.

Challenge and get performance evaluation