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Questions and Answers
What is the main focus of economics?
What is the main focus of economics?
- Study of human behavior
- Management of unlimited resources
- Fulfillment of unlimited wants
- Management of scarce resources (correct)
Why do individuals have to make choices in economics?
Why do individuals have to make choices in economics?
- Due to abundance of resources
- To maximize resources
- Because of scarcity (correct)
- To prevent wastage of resources
In economics, who or what does man interact with to make choices?
In economics, who or what does man interact with to make choices?
- Domestic animals
- Government authorities
- Other human beings and nature (correct)
- Inanimate objects
Economics is the study of human behavior in relation to the use of unlimited resources to fulfill scarce wants.
Economics is the study of human behavior in relation to the use of unlimited resources to fulfill scarce wants.
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In economics, due to abundance, individuals do not have to make choices.
In economics, due to abundance, individuals do not have to make choices.
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In economics, man only interacts with other human beings to make choices, and does not interact with nature.
In economics, man only interacts with other human beings to make choices, and does not interact with nature.
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What is the main focus of Islamic economics?
What is the main focus of Islamic economics?
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According to Islamic economics, what is the approach and process of interpreting and solving man’s economic problems based on?
According to Islamic economics, what is the approach and process of interpreting and solving man’s economic problems based on?
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What does Islamic economics classify as an economic activity?
What does Islamic economics classify as an economic activity?
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