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  • Practical Questions: Universiti Tunku Abdul Rahman Centre For Foundation Studies FHBM1014 Principles of Economics

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    The document appears to be an economics assignment from Universiti Tunku Abdul Rahman Centre for Foundation Studies. It contains two practical questions asking students to identify different types of productive resources and circle which goods and services are considered scarce according to the economic definition of scarcity. Students are asked to circle natural resources in red, human resources in blue, and capital resources in black for the first question. For the second question, students are asked to circle items that are considered scarce given the economic definition that a good or service is scarce if there is not enough for everyone to have all they want at a price of zero.

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    The document appears to be an economics assignment from Universiti Tunku Abdul Rahman Centre for Foundation Studies. It contains two practical questions asking students to identify different types of productive resources and circle which goods and services are considered scarce according to the economic definition of scarcity. Students are asked to circle natural resources in red, human resources in blue, and capital resources in black for the first question. For the second question, students are asked to circle items that are considered scarce given the economic definition that a good or service is scarce if there is not enough for everyone to have all they want at a price of zero.

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    20 views1 page

    Practical Questions: Universiti Tunku Abdul Rahman Centre For Foundation Studies FHBM1014 Principles of Economics

    Uploaded by

    Tanusha Harigaran
    The document appears to be an economics assignment from Universiti Tunku Abdul Rahman Centre for Foundation Studies. It contains two practical questions asking students to identify different types of productive resources and circle which goods and services are considered scarce according to the economic definition of scarcity. Students are asked to circle natural resources in red, human resources in blue, and capital resources in black for the first question. For the second question, students are asked to circle items that are considered scarce given the economic definition that a good or service is scarce if there is not enough for everyone to have all they want at a price of zero.

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    © All Rights Reserved
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    Universiti Tunku Abdul Rahman

    Centre for Foundation Studies


    FHBM1014 Principles of Economics

    Practical Questions
    1. Put a red circle around the productive resources that represent NATURAL
    RESOURCES. Put a blue circle around HUMAN RESOURCES. Put a black
    circle around CAPITAL RESOURCES.

    2. In economics, a good or service is considered SCARCE if there is not enough for


    everyone to have all that they want - at a price of zero! With this definition,
    almost everything is scarce. It is difficult finding things that are truly free. Circle
    the things below that, in economics, are considered scarce.

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