Examkin

Soru

Zorluk: OrtaScarcity and Choice

Match each economic scenario in Column A with its corresponding economic concept in Column B.

  • A situation where available productive resources are insufficient to satisfy all human wants.Scarcity
  • A student listing desired items in order of pressing importance before spending their allowance.Scale of Preference
  • Selecting to buy a textbook rather than a pair of shoes due to limited financial resources.Choice
  • The pair of shoes given up in order to acquire the textbook.Opportunity Cost

Cevap

Resource insufficiency corresponds to Scarcity; ordering wants by importance corresponds to Scale of Preference; selecting one item over another corresponds to Choice; and the foregone alternative corresponds to Opportunity Cost.
Each economic scenario correctly maps to its foundational economic concept: resource insufficiency defines Scarcity; prioritizing wants constitutes building a Scale of Preference; picking one item over another represents Choice; and the sacrificed alternative defines Opportunity Cost.

Adım Adım Çözüm

1
Identify the fundamental cause of economic decision-making in the first scenario.
Insufficient resources to satisfy unlimited wants represents Scarcity.
Scarcity is the core reason individuals and societies must make economic decisions.
2
Analyze the preparation of a list based on priority in the second scenario.
Ordering items by importance represents a Scale of Preference.
A scale of preference helps decision-makers systematically satisfy their most urgent wants first.
3
Examine the act of selection in the third scenario.
Selecting a textbook over shoes represents Choice.
Because of scarcity, decision-makers are compelled to choose among competing wants.
4
Identify what is sacrificed in the fourth scenario.
The shoes given up represent the Opportunity Cost.
Opportunity cost is defined specifically as the alternative foregone when a choice is made.

Anahtar Kavram

Basic Economic Concepts: Scarcity, Choice, Scale of Preference, and Opportunity Cost
Bu soruyu puanla

Konular

Scarcity and Choice

Bu konudan daha fazla soru