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Class 9 Building Blocks in Economics: The Problem of Choice worksheet
CBSE Social Science. Scarcity, opportunity cost, the PPC, what, how and for whom to produce, planned, market and mixed economies. Every sheet has 20 questions in three sections and an answer key, and the numbers change every time.
Sample questions
Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.
Section A · multiple choice
- 1.
The value of the next best option given up when making a choice is the:
- profit
- tax
- market price
- opportunity cost
Answer
(d) opportunity cost
- 2.
In the book, Japan is an example of which kind of economy?
- market
- colonial
- feudal
- barter
Answer
(a) market
- 3.
Which production method usually suits car manufacturing?
- energy-free
- land-intensive
- labour-intensive
- capital-intensive
Answer
(d) capital-intensive
Section B · short answer
- 4.
What is the difference between needs and wants?
Answer
Needs are essentials like food, water and shelter; wants are extras like gadgets and holidays.
- 5.
Planned, market or mixed, as the book classifies them? (a) Cuba (b) India after 1991
Answer
(a) planned (b) mixed
Section C · long answer
- 6.
Explain scarcity and choice with an example.
Answer
Wants are unlimited but resources are limited, so we must choose; a family must decide how to split its income between essentials, extras and savings.
Fresh sheets for your child
In the app, every Building Blocks in Economics: The Problem of Choice sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.
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