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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
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the primary cause of economic problems?
💡 Hint: Think about the basic nature of resources.
Question 2
True or False: Human wants are limited.
💡 Hint: Consider people’s desire for more possessions over time.
Solve 1 more question and get performance evaluation
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