Bloom’s level questions on economics
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1. A farmer can grow rice or vegetables. Vegetable demand is higher. What should he produce?
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2. A student buys a textbook instead of shoes. What is the opportunity cost?
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3. A bakery has limited capital but many skilled workers. What should it use?
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4. A factory replaces workers with machines. What economic problem is addressed?
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5. A company sells luxury cars to wealthy consumers. What question is addressed?
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6. A food business uses land, workers, equipment, and management. What factors are involved?
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7. A mining company uses minerals and water. Which factor is involved?
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8. A restaurant trains its workers to improve performance. What concept is shown?
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9. An entrepreneur starts a business and accepts possible losses. What trait is shown?
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11. A community follows farming practices passed down through generations. What system is shown?
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12. A government controls production and resource distribution. What is one possible advantage?
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13. A coffee shop lowers prices after noticing strong student demand. What is shown?
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14. A company operates freely but follows government regulations. What system is shown?
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15. Country A follows traditions. Country B follows government plans. Country C follows markets. Country D combines markets and government. Which sequence is correct?
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16. Maria earns a salary and buys food. The store pays its workers. What concept is shown?
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17. A university must choose between a library and laboratory upgrades. What principle is shown?
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18. A factory creates jobs but pollutes a nearby river. What is the pollution?
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19. A government must choose between healthcare and recreation. Healthcare is inadequate. What should it prioritize?
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20. A community wants to start a food business. Which plan best applies Chapter 2?
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A student says money is a factor of production. Which statement is correct?
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