EASY
11th CBSE
IMPORTANT
Earn 100

List different activities of the members of your family. Would you call them economic activities? Give reasons.

Important Questions on Introduction

EASY
11th CBSE
IMPORTANT
Statistics for Economics>Chapter 1 - Introduction>Q 2
Are we all a consumer? Why?
HARD
11th CBSE
IMPORTANT
Statistics for Economics>Chapter 1 - Introduction>Q 3
Can you think of some other examples where a person with a given income has to choose which things and in what quantities he or she can buy at the prices that are being charged (called the current prices)? 
MEDIUM
11th CBSE
IMPORTANT
Statistics for Economics>Chapter 1 - Introduction>Q 4
What will happen if the current prices go up? 
MEDIUM
11th CBSE
IMPORTANT
Statistics for Economics>Chapter 1 - Introduction>Q 5
Identify the wants. How many of them can be fulfilled? How many of them are unfulfilled? Why they can not be fulfilled? 
EASY
11th CBSE
IMPORTANT
Statistics for Economics>Chapter 1 - Introduction>Q 6
What are the different kinds of scarcity that are faced in daily life? Identify their causes.
EASY
11th CBSE
IMPORTANT
Statistics for Economics>Chapter 1 - Introduction>Q 7
Think of two examples of qualitative and quantitative data.
MEDIUM
11th CBSE
IMPORTANT
Statistics for Economics>Chapter 1 - Introduction>Q 8
Which of the following would give qualitative data; beauty, intelligence, income earned, marks in a subject, ability to sing, learning skills? 
MEDIUM
11th CBSE
IMPORTANT
Statistics for Economics>Chapter 1 - Introduction>Q 9
Statistics can only deal with quantitative data.