ECONOMICS

ECONOMICS

Assessment

Flashcard

Social Studies

University

Easy

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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

Media Image

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