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Class 9 Economics Chapter 4 Quiz

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Questions and Answers

Which of the following is a key concept discussed in Class 9 economics chapter 4?

Opportunity cost (correct)

Inelastic demand

Perfect competition

Fiscal policy

What is the primary focus of Class 9 economics chapter 4?

Monopoly market structure

Consumer equilibrium

Production possibilities frontier (correct)

Barter system

In Class 9 economics chapter 4, what does the term 'scarcity' refer to?

Limited resources and unlimited wants (correct)

Excessive government intervention

Abundance of goods and services

Equilibrium in the market

What is the main topic of Class 9 economics chapter 4?

The main topic of Class 9 economics chapter 4 is 'Food Security in India'. Signup and view all the answers

What are the key issues discussed in Class 9 economics chapter 4?

The key issues discussed in Class 9 economics chapter 4 include availability, accessibility, and affordability of food. Signup and view all the answers

Why is food security important in the context of economics?

Food security is important in the context of economics because it is essential for the overall development and well-being of a nation's population. Signup and view all the answers