Grade 08: Weekly Assignment 02

Wednesday, March 01, 2006

WEEKLY ASSIGNMENT 02
Grade: 08           
Date: 
Due on: 
Class:

Index:
Name:


Exercise 01. Rearrange the following letters to make meaningful economic terms.

01
P
A
T
I
L
A
C






























02
C
E
O
O
N
S
C
I
M




























03
Y
T
I
C
R
A
C
S





























04
I
N
O
T
U
P
R
D
O
C



























05
T
N
O
I
P
U
M
S
O
C
N


























06
L
E
A
W
H
T































07
E
C
O
N
I
M































08
E
E
E
E
R
N
R
P
R
T
N
U

























09
I
C
E
O
H
C































10
R
S
R
C
S
E
O
U
E
















Exercise 02. Answer the following questions

1. Define the term 'Opportunity Cost’? Give an example
……………………………………………………………………………………………………………………….…
……………………………………………………………………………………………………………………….…
……………………………………………………………………………………………………………………….…

2. Distinguish between Needs and Wants. Give examples
Needs
Wants
Definition
………………………………………………
………………………………………………
………………………………………………
………………………………………………
Examples
1. …………………………………………
2. …………………………………………
3. …………………………………………
Definition
………………………………………………
………………………………………………
………………………………………………
………………………………………………
Examples
1. …………………………………………
2. …………………………………………
3. …………………………………………

3. What is meant by Resources of an Economy?
……………………………………………………………………………………………………………………….…
……………………………………………………………………………………………………………………….…
……………………………………………………………………………………………………………………….…
……………………………………………………………………………………………………………………….…
4. Distinguish between Replaceable and Non-replaceable resources?
Replaceable Resources
Non-replaceable Resources
Definition
………………………………………………
………………………………………………
………………………………………………
………………………………………………
Example
…...…………………………………………
Definition
………………………………………………
………………………………………………
………………………………………………
………………………………………………
Example
…...…………………………………………

5. Outline the definitions of ‘Economics’ as per different economists.
Adam Smith
Alfred Marshall
Lionel Robins
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….
…………………………….

Share this article :
Blogger Tips and TricksLatest Tips And TricksBlogger Tricks

FB Page

 
Oscar
Copyright © 2005. EconoMaldives - All Rights Reserved