Microeconomics

Microeconomics

11th Grade

7 Qs

quiz-placeholder

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Microeconomics

Microeconomics

Assessment

Quiz

Other, Social Studies

11th Grade

Practice Problem

Medium

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rosanna lj

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main cause of economic problem is

Unlimited resources

Scarcity of resources

Scarcity of wants

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Human wants are unlimited and differ in __.

Urgency/ priority

Differences/priority

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity in economics mean,

Demand< Supply

Demand> Supply

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic activities are classified into,

2

3

4

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Problem of making a choice

Economy

Economic

Economic problem

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Wants are __

Limited

Unlimited

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Resources are

Limited

Unlimited