EXERCISES
1. Mark the following statements as true or false.
Statistics can only deal with quantitative data.
01) Statistics solves economic problems.
c) Statistics is of no use to Economics without data.
2. Make a list of activities in a bus stand or a market place. How many of
them are economic activities?
3. The Government and policy makers use statistical data to formulate
suitable policies of economic development. Illustrate with two examples.
4. "You have unlimited wants and limited resources to satisfy them." Explain
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 with
examples from your daily life.
Answers
Answered by
0
Answer:
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Answered by
2
Answer:
true
true
false
true
true
false
Explanation:
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