Question

TRUE / FALSE
1. Scarcity definition of Economics has been given by Adam Smith.
2. Alternative use of resources is the root of all Economics Problem.
3. Service provider is a person who work for some other person for
wages.
4. Non Economic activities are undertaken without any exception of
monetary benefit.
5. Production, Consumption and distribution are the three main
economic activities under taken by every Economy.​

Answer 1

Answer:

false

true

false

true

true

Answer 2

1. false

2.true

3. false

4. true

5, true

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