H.H.

Shaikh Rashid Al-Maktoum Pakistan School Dubai

Sub: Economics Class/Section: 9 BD Worksheet Chapter 3

Name of Student: Past Paper Practice Total Marks:

(Section “A”)
Q1. Circle the Correct choice:
i. The value of goods in terms of money is called?
A. Price
B. Utility
C. Satisfaction
D. Consumption

ii. The activity to satisfy human wants is:

A. Consumption
B. Investment
C. Saving
D. Utility

iii. Comforts are __________degree of wants:

A. First
B. Second
C. Third
D. Fourth

iv. We do not need money to satisfy:

A. Economics wants
B. Wants
C. Non-economic wants
D. Needs

v. The power of commodity to satisfy human wants is called:

A. Scarcity
B. Utility
 C. Durability
D. Quantity

vi. Man cannot survive without satisfying:

A. Necessities
B. Comforts
C. Luxuries
D. Wants

vii. The value of anything expressed in term of money is called:

A. Value in use
B. Price
C. Value in exchange
D. Economic value

viii. Human wants are:

A. Limited
B. Unlimited
C. Few
D. Scarce

ix. Which of the following is non-economic want?

A. Food
B. House
C. Car
D. Air

x. The use of air conditioner in hot weather is called?

A. Necessity
B. Comfort
C. Luxury
D. None of these

xi. Which of the following is not an un-economic want?

A. Air
 B. Money
C. Water
D. None of these

xii. Human wants are unlimited, but resources are:

A. Limited
B. Unlimited
C. Scarce
D. None of these

xiii. The value of goods in terms of money is called:

A. Price
B. Utility
C. Satisfaction
D. None of these

xiv. Due to scarcity, people have to make:

A. Roads
B. Building
C. Grounds
D. Choices

(Section “B”)
Q.2 Note: Short Questions (3 marks for each question)
i. What is meant by Utility?
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ii. What do you know about services?
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iii. Which factor creates value in a commodity?
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iv. How are some wants competitive?
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v. Differentiate between value in use and value in exchange.
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vi. Why does an economic problem arise?
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vii. What is meant by economic wants?
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viii. What is meant by wages?
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ix. What is meant by Value?
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x. Write any three characteristics of wants.

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xi. What is meant by goods and services?
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xii. What does material welfare means?
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xiii. What is meant by wealth in economics?
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xiv. Why are some wants complementary?
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 xv. Which factors creates value in a commodity?
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xvi. Differentiate between perishable goods and durable goods.
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xvii. Which factors are responsible to create value in a commodity?
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xviii. How are wants competitive.
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xix. How does consumption lead to other economic activities?
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(Section “C”)
Q.3 Note: Long Question. (8 marks for each question)
i. What is meant by wants? Write down its characteristics and kinds in detail.
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ii. What are human wants? Explain characteristics of human wants in detail.
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