9 Questions
What is the main focus of economics?
Management of scarce resources
Why do individuals have to make choices in economics?
Because of scarcity
In economics, who or what does man interact with to make choices?
Other human beings and nature
Economics is the study of human behavior in relation to the use of unlimited resources to fulfill scarce wants.
False
In economics, due to abundance, individuals do not have to make choices.
False
In economics, man only interacts with other human beings to make choices, and does not interact with nature.
False
What is the main focus of Islamic economics?
Prioritizing social benefit to mankind
According to Islamic economics, what is the approach and process of interpreting and solving man’s economic problems based on?
Values, norms, and laws found in the sources of Islam
What does Islamic economics classify as an economic activity?
Any activity with a primary aim of social benefit to mankind
This quiz explores the field of economics, which involves managing scarce resources to address unlimited human wants. It delves into the concept of scarcity, the necessity of making choices, and how individuals interact with others and nature to make those choices.
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