Question

EXERCISES
1. Mark the following statements as true or false.
1) Statistics can only deal with quantitative data.
) Statistics solves economic problems.
D) Statistics is of no use to Economics without data.
2. Make a list of activities in a bus stand or a market place. How ma
them are economic activities?
The Government and policy makers use statistical data to form
suitable policies of economic development. Illustrate with two exam
4. You have unlimited wants and limited resources to satisfy them. Ex
this statement by giving two examples.
5. How will you choose the wants to be satisfied?
6. What are your reasons for studying Economics?
7 Statistical methods are no substitute for common sense. Comment
examples from your daily life.​

Answer 1

Answer:

1:true

2:true

3:false

4:true

5:false

6:false

7:true

Answer 2

what are your reasons for styding economics