Some examples from this set of practice questions
1.
When does the opportunity costs appear in economics?
Answer: When deciding between two choices to use the scarce resources for, the first choice might be better but the second choice will always be there as an opportunity .
2.
What is economics all about?
Answer: Economics is about making and deciding on how to use the scarce resources that a country has efficiently those limited resources could be used usefully in many ways, for example; machinery could be used to produce more different products while employing someone to do it will take longer, as machineries are quicker and faster to produce goods by using more machinery instead of people can save time and costs.
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