The Nature Of The Basic Economic Problem
Bayani Gaba-gaba
Every society, from the richest country to the poorest village, faces the same stubborn fact: people want more than there is to go round. Wants are unlimited, but the land, labour, capital and enterprise we use to satisfy them are limited. That mismatch is the basic economic problem, and the whole of economics grows out of it.
In this lesson you will see why scarcity forces every consumer, worker, firm and government to choose, and how those choices boil down to three questions every economy must answer: what to produce, how to produce it, and who gets it. You will also meet the production possibility curve, the diagram that turns the idea of choice into something you can see and measure.
Manufura
- definition of the basic economic problem
- the concept of scarcity
- examples of the basic economic problem in the context of: - consumers - workers - producers/firms - governments
- what to produce
- how to produce
- who to produce for
- the difference between economic goods and free goods
Takardar Darasi
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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 basic economic problem exists because: A. governments tax too much B. wants are unlimited but resources are scarce C. prices are always rising D. some countries are richer than others Answer: B
- The opportunity cost of building a new school is: A. the money spent on the school B. the wages of the builders C. the next best alternative use of those resources D. the number of pupils taught Answer: C
- A point inside a production possibility curve shows that: A. the economy is producing efficiently B. some resources are unused or wasted C. output is at its maximum D. the combination is unattainable Answer: B
- Which of the following is a free good? A. bottled water B. a litre of petrol C. sunlight D. a free school place Answer: C
- Which is NOT one of the three fundamental questions every economy must answer? A. what to produce B. how to produce C. who to produce for D. when to stop producing Answer: D
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Zazzage manhajar Green Bridge CBT a wayar ka ko kwamfyuta ka don samun cikakkiyar bayanan darasi, tambayoyin aiki, da ƙari.
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