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  • 1.1.3 The Economic Problem Worksheet

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    Uzma Moazzam
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    This document contains questions about economic concepts like scarcity, factors of production, types of resources, and different types of capital. It asks the reader to define key terms and discuss relationships between unlimited wants and limited resources as well as differences between economic goods, renewable and non-renewable resources, and physical and human capital.

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    AMAZING WORKSHEET

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    1.1.3-The-Economic-Problem-Worksheet

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    This document contains questions about economic concepts like scarcity, factors of production, types of resources, and different types of capital. It asks the reader to define key terms and discuss relationships between unlimited wants and limited resources as well as differences between economic goods, renewable and non-renewable resources, and physical and human capital.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    8 views2 pages

    1.1.3 The Economic Problem Worksheet

    Uploaded by

    Uzma Moazzam
    This document contains questions about economic concepts like scarcity, factors of production, types of resources, and different types of capital. It asks the reader to define key terms and discuss relationships between unlimited wants and limited resources as well as differences between economic goods, renewable and non-renewable resources, and physical and human capital.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    1.1.

    3 The Economic Problem Worksheet

    1) What does it mean by the term scarcity?

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    2) Discuss the relationship between unlimited wants and finite resources.

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    3) What is the difference between economic goods and free goods?

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    4) What are the four factors of production? Give examples for each factor.

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    5) What is the difference between renewable and non-renewable resources?

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    6) What is the difference between sustainable and non-sustainable resources?

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    7) What is the difference between physical and human capital?

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