3.2 - Reasons for Economic Problems
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Practice Questions
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What does scarcity of resources refer to?
💡 Hint: Think about how many goods we can produce with what's available.
Give an example of unlimited human wants.
💡 Hint: Consider what people often wish for or desire.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the primary cause of economic problems?
💡 Hint: Think about the basic nature of resources.
True or False: Human wants are limited.
💡 Hint: Consider people’s desire for more possessions over time.
1 more question available
Challenge Problems
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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.
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.
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