The Economic Problem
Bayani Gaba-gaba
A national government has a health budget of $2 billion. It could spend every dollar on new hospitals, or it could spend it on schools, or on both in some combination, but it cannot buy unlimited amounts of everything it wants. This single, inescapable dilemma, wanting more than you can have, sits underneath every decision made by every household, business and government on the planet.
In this lesson you will meet the economic problem in its sharpest form: scarcity forces choice, and every choice carries an opportunity cost. You will learn to read a production possibility curve, a single diagram that captures scarcity, choice, efficiency, unemployment and economic growth all at once, and you will look at what actually drives an economy's productive capacity up or down over time.
Manufura
- The problem of scarcity - where there are unlimited wants and finite resources, leading to the need to make choices
- Opportunity cost and its effect on economic agents (consumers, producers and government)
- The use of diagrams to show production possibility curve
- Production possibility curve diagram should be used to show the maximum productive potential of an economy, fully employed or unemployed resources, opportunity cost, positive or negative economic growth that shifts the production possibility frontier outwards and inwards, and possible and unobtainable production
- Possible causes of positive or negative economic growth
Takardar Darasi
Akwai a cikin manhajar Green Bridge
Zazzage manhajar Green Bridge CBT a wayar ka ko kwamfyuta ka don samun cikakkiyar bayanan darasi, tambayoyin aiki, da ƙari.
Nazarin Darasi
Barka da kammala darasi akan The Economic Problem. Yanzu da kuka bincika mahimman raayoyi da raayoyi, lokaci yayi da zaku gwada ilimin ku. Wannan sashe yana ba da ayyuka iri-iri Tambayoyin da aka tsara don ƙarfafa fahimtar ku da kuma taimaka muku auna fahimtar ku game da kayan.
Za ka gamu da haɗe-haɗen nau'ikan tambayoyi, ciki har da tambayoyin zaɓi da yawa, tambayoyin gajeren amsa, da tambayoyin rubutu. Kowace tambaya an ƙirƙira ta da kyau don auna fannoni daban-daban na iliminka da ƙwarewar tunani mai zurfi.
Yi wannan ɓangaren na kimantawa a matsayin wata dama don ƙarfafa fahimtarka kan batun kuma don gano duk wani yanki da kake buƙatar ƙarin karatu. Kada ka yanke ƙauna da duk wani ƙalubale da ka fuskanta; maimakon haka, ka kallesu a matsayin damar haɓaka da ingantawa.
- The economic problem arises because: A) Governments set prices too high B) Wants are unlimited but resources are finite C) Businesses always make a loss D) Consumers never make choices Answer: B
- A point lying inside a production possibility curve shows: A) An unobtainable combination of output B) Full and efficient use of resources C) Under-used or unemployed resources D) Negative economic growth Answer: C
- Which of the following would most likely cause an outward shift of a country's production possibility curve? A) A rise in unemployment B) The destruction of factories in a flood C) A significant improvement in production technology D) A fall in consumer spending Answer: C
- A farmer chooses to plant maize instead of beans on a plot of land. The opportunity cost of this decision is: A) The cost of the maize seeds B) The revenue that would have been earned from beans C) The total revenue from maize D) The cost of fertiliser used on the maize Answer: B
- The production possibility curve is typically drawn bowed outward from the origin because: A) Resources are perfect substitutes for each other B) Opportunity cost falls as more of one good is produced C) Resources are not equally suited to producing both goods, so opportunity cost rises D) Governments always intervene in markets Answer: C
Akwai a cikin manhajar Green Bridge
Zazzage manhajar Green Bridge CBT a wayar ka ko kwamfyuta ka don samun cikakkiyar bayanan darasi, tambayoyin aiki, da ƙari.
Akwai a cikin manhajar Green Bridge
Zazzage manhajar Green Bridge CBT a wayar ka ko kwamfyuta ka don samun cikakkiyar bayanan darasi, tambayoyin aiki, da ƙari.
Littattafan da ake ba da shawarar karantawa
Yi Aikin Tambayoyin Gwaji
Kana son yin aikin tambayoyin gwaji kan The Economic Problem? Sauke manhajar Green Bridge CBT don samun tambayoyin gwaji da cikakkun jarrabawa akan wannan batu.
Sauke Manhajar Daga Google Playstore
Duk abin da kake buƙata don yin fice a JAMB, WAEC & NECO.
