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Questions and Answers
What is an economy primarily concerned with?
What is an economy primarily concerned with?
- Production, distribution, trade, and consumption of goods and services (correct)
- Social organization and political structure
- Cultural practices and discourses
- Technological evolution and history
What are the main factors that give context to an economy?
What are the main factors that give context to an economy?
- Technological evolution and social organization
- Political structure and legal systems
- Culture, values, education, and natural resources (correct)
- Monetary transactions and economic agents
Who can be considered as economic agents?
Who can be considered as economic agents?
- Individuals, businesses, organizations, or governments (correct)
- Monetary institutions only
- Educational institutions only
- Technological companies only
What spurs economic activity?
What spurs economic activity?
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What has changed economic activity over time?
What has changed economic activity over time?
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What is the primary focus of CBSE Class 11 Economics Part B Unit 1?
What is the primary focus of CBSE Class 11 Economics Part B Unit 1?
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Which term refers to the deficit of resources compared to demand in economics?
Which term refers to the deficit of resources compared to demand in economics?
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How is the growth of resources in an economy represented in a Production Possibility Curve (PPC)?
How is the growth of resources in an economy represented in a Production Possibility Curve (PPC)?
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What is another name for opportunity cost in economics?
What is another name for opportunity cost in economics?
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In market research, how is the central economic problem solved?
In market research, how is the central economic problem solved?
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