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Questions and Answers
What does the economic problem specialize in?
What does the economic problem specialize in?
- Managing the internal environment of organizations
- Controlling the external environment for resource allocation
- Finding solutions to various human needs
- Searching for specific problems in society (correct)
What is scarcity in the economic context?
What is scarcity in the economic context?
- A relative situation representing conflict between human needs and resources (correct)
- A phenomenon that only represents poverty
- A situation of uncontrolled and excessive resource consumption
- An absolute situation where resources are abundant
What does the choice often require in the economic context?
What does the choice often require in the economic context?
- Controlling and managing the economic environment
- Balancing the external and internal environments
- Adapting to the scarcity of resources
- Sacrificing some needs to satisfy others (correct)
What is the nature of the internal economic environment?
What is the nature of the internal economic environment?
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Which statement best describes the economic problem?
Which statement best describes the economic problem?
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What is the definition of economics according to Prof.Dr Gaber Shabib?
What is the definition of economics according to Prof.Dr Gaber Shabib?
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What are the two important elements that characterize an economy according to the text?
What are the two important elements that characterize an economy according to the text?
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Which of the following is considered an element of economic resources as mentioned in the text?
Which of the following is considered an element of economic resources as mentioned in the text?
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What is the return on natural resources called according to Prof.Dr Gaber Shabib?
What is the return on natural resources called according to Prof.Dr Gaber Shabib?
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Which of the following is included in the concept of capital according to the text?
Which of the following is included in the concept of capital according to the text?
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