Adaptive Practice
Basic Economics
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Question 1 of 10
⏱ 0:30
Easy
What is the basic problem of economics?
Easy
Which of the following is a factor of production?
Medium
What does 'opportunity cost' mean?
Medium
Which of the following best describes 'utility' in economics?
Medium
In India, which sector employs the largest percentage of the workforce?
Easy
What is meant by 'land' as a factor of production?
Hard
Which of the following is NOT a characteristic of economic goods?
Medium
Why is economics called a social science?
Medium
Which of the following best explains 'capital' as a factor of production?
Hard
In the context of scarcity, what does the 'economic problem' force societies to do?