Chapter 1 : Basic Economic Problem

Chapter 1 : Basic Economic Problem

10th Grade

10 Qs

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Chapter 1 : Basic Economic Problem

Chapter 1 : Basic Economic Problem

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

Muaziz Latif

Used 107+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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Goods and services that are not necessary for survival

Needs

Goods

Service

Wants

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What is meant by the basic economic problem?

goods which are unlimited in supply

those which are limited in supply

how to allocate scarce resources

represents the maximum amount of goods

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What factors of production are required to construct a road?

Land

Labour

Capital

Enterprise

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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How would a firm producing running shoes answer the three basic economic questions, Choose the one is not include the 3 basic economic question

What to produce.

How to produce it

where to produce it

For whom to produce it

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

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What are the three sectors of industry?

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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Every Sunday morning, we have many alternatives sport such as Running and Playing Football. so, today i choose to play football with my friends, what is the opportunity cost from this case?

Swimming

Golf

Running

Playing Football

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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Economics Goods

water

plants

sun light

car

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