1 free introduction to economics resources for Year 11: 1 study guide. Answers included.
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Scarcity, opportunity cost, the economic problem and economic systems. In Year 11, Year 11 is the first year of senior study.
Students will practise: explaining scarcity, choice and the economic problem; identifying the factors of production and their returns; calculating opportunity cost from a production possibility schedule; comparing market, planned and mixed economic systems.
Clear explanations, examples and tips.
HSC/VCE-style study notes on scarcity, the economic problem and the three questions every economy must answer. Explains opportunity cost…
Scarcity, opportunity cost, the economic problem and economic systems. At Year 11, our resources focus on: explaining scarcity, choice and the economic problem; identifying the factors of production and their returns; calculating opportunity cost from a production possibility schedule; comparing market, planned and mixed economic systems.
Read the study guide first, then start with the Level 1 or Level 2 worksheet. Finish with the topic test.
Yes — every worksheet has an answer sheet. Maths answer sheets show the working; English tasks include model answers or success criteria.
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