What are the 3 Economic Systems in Economics as an Applied Science.
QUIZ IN APPLIED ECONOMICS
12th Grade
•7 Qs
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QUIZ IN APPLIED ECONOMICS
Quiz
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Other
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12th Grade
•
Medium
Teacher Mae
Used 4+ times
FREE Resource
7 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
45 sec • 3 pts
HOW TO PRODUCE
FOR WHOM TO PRODUCE
WHAT TO PRODUCE
for what to produce
how to do it
2.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
It is the application of Statistical and Mathematical theories to economics.
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
They believe that "applied economics" have started 200 years ago in the writings of two economists
Jean-Baptiste say & john Stuart Mill
John Miller & Adam Smith
Milton Friedman & Alfred Marshall
Hannah Mae & Nor Faiza
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It is the Quality of output must come first before the quantity
HOW TO PRODUCE
WHAT TO PRODUCE
FOR WHOM TO PRODUCE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of basic economic problem that goods and services must be based on the need of the consumers.
HOW TO PRODUCE
WHAT TO PRODUCE
FOR WHOM TO PRODUCE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Basic economic problem that has something to do with the distribution
HOW TO PRODUCE
WHAT TO PRODUCE
FOR WHOM TO PRODUCE
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
ITS THE MONEY THAT AN INDIVIDUAL EARNED FROM WORK OR BUSINESS RECEIVED FROM INVESTMENTS.
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