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Basic Problems of An Economy

Authored by Kajal Sahu

Social Studies, Life Skills, Moral Science

9th - 12th Grade

Used 34+ times

Basic Problems of An Economy
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12 questions

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1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Any economy faces the basic problem of ________________.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One who transforms natural objects into resources and utilises the for the benefit of his own and the society is _________________ resource

Human

Man-made

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Natural substances whose location and condition have been determined and which are already being used by the present generation are _________________ resources

ubiquitous

localised

potential

actual

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Forests are non-renewable resources.

True

False

5.

OPEN ENDED QUESTION

30 sec • Ungraded

Give two examples of biotic resources

Evaluate responses using AI:

OFF

6.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

That developmental strategy which manages the resources for increasing long term well being of the people is referred to as __________________ development.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main cause of economic problem?

Unlimited wants, limited resources, alternative use of these resources

What to produce?, How to Produce, For whom to Produce?

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