ECONOMICS

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Social Studies
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University
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14 questions
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1.
FLASHCARD QUESTION
Front
What is the core problem in economics study?
Back
Scarcity
2.
FLASHCARD QUESTION
Front
Which of the following statement is about microeconomics?
- The growth increased by 5.0 percent last year
- Inflation is about to increased 3.6 percent this year
- The factors of production is limited resources
- The general price level increased by 4 percent last year
Back
The factors of production is limited resources
3.
FLASHCARD QUESTION
Front
In order to save cost, the “Food Industry” should use more labor than machines. This statement refers to:
Back
How to produce?
4.
FLASHCARD QUESTION
Front
Capitalism is an economic system where individuals take all the main economic decisions.
Back
True
5.
FLASHCARD QUESTION
Front
My full name is: Azilina Azmi, Norazlina Azmi, Azlina Azmi, Nurazilina Azmi
Back
Azlina Azmi
6.
FLASHCARD QUESTION
Front
Concepts in economic problems EXCEPT: Choices, Externalities, Opportunity Cost, Scarcity
Back
Externalities
7.
FLASHCARD QUESTION
Front
Which drama/movie is related to Central Planned Economy?
Back
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