
Economic Problems
Authored by Saidatulakmal Mohd
Business
University
Used 127+ times

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10 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Economic problems arise because
People have different tastes and preferences
Land is limited
Internet connectivity is insufficient
Health care is inefficient
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Point A is known as ......
More production of coconut oil
Limited production of roads
Inefficient use of resources for the production of coconut oil and roads
The choice of production between coconut oil and roads
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Joe has a limited monthly income of $10,000. He has to make tough choices on his monthly expenditure. If he spends $5,000 on a rental, then that is $5,000 he cannot spend on entertainment.
Which expenditure is the opportunity cost?
$5,000 he manages to save every month
$5,000 he spends on rental
$5,000 he cannot spend on entertainment
$10,000 he receives for his monthly income
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
For whom to produce means .....
Produce for those who are rich
Produce for those who are poor
Produce for those who needs the product
Do not produce for those who does not need the product
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic problem does this headline refers to?
What to produce?
How to produce?
For whom is the goods?
How efficient are the resources?
Is the economy growing?
6.
MULTIPLE SELECT QUESTION
30 sec • Ungraded
I LOVE ECONOMICS because ...
Economics is FUN
I have no choice, Economics is the only course I can take
Economics solve REAL LIFE problems
Better Economics than Politics
I do not know
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assume an economy that produces meat and apple.
Research and development breakthrough breeds cows best for milk and meat.
What happen to the economic productions of meat and apple?
Apple production increases because more cows means more apples.
PPC shifts outward because production of milk and apple increases.
PPC shifts outward because production of meat increases.
Meat production increases because milk production increases.
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