Social Studies - Sufficiency Economy and Co-operatives

What is the main objective of the Sufficiency Economy?

• To gain the respect of others.

• To create awareness to help others.

• To allow individuals to become wealthier.

• To enable people to be self-sufficient without exploiting others.

How many members makes a co-operative?

• 5 members

• 7 members

• 10 members

• 12 members

In what way does a co-operative increase their profits?

• By selling their products directly to the customers from its stores, without the need of a middle man.

• By buying products from the middleman who increases his prices.

• By selling low quality goods to its customers.

• By charging its customers high prices.

What should a co-operative provide its members with?

• Training and environment

• High profits and interest

• Education, training, and information

• Expensive products and variety

How can students practice the Philosophy of Sufficiency Economy at home?

• Buy lots of candy and eat junk food every day.

• Keep library books at home.

• Let the water run instead of turning off the tap.

• Turn off the lights when you go out.

A principle of sufficiency economy is to be a wasteful spender.

• TRUE

• FALSE

Co-operatives are dependent and reliant on the government.

• TRUE

• FALSE

Co-operatives are dependent and reliant on the government.

• TRUE

• FALSE

Co-operatives should make sure their activities contribute to the development of the community.

• TRUE

• FALSE

When you borrow books from the school library, treat them as your own possessions.

• TRUE

• FALSE