Year 9 - Economics - 18.9.14

Thai Sikh International School

E-Learning Programme – Online Assignment –dd/mm/yyyy

Name :                                                                                                       Subject : Economics

Year  :Year 9 A/ B                                                                                      ScheduleNo. :2                                  

   1.      Define scarcity.

   2.      Explain-

a.       Economic  good

b.      Free good.

   3.      What is a production possibility curve?

   4.      What is meant by opportunity cost?

   5.      Explain-

a.       What is meant by occupationally mobile land

b.      geographically immobile  land?