Economic System

Economic System

8th - 9th Grade

12 Qs

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Economic System

Economic System

Assessment

Quiz

Social Studies

8th - 9th Grade

Practice Problem

Medium

Created by

Giovani Asriningtyas

Used 46+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is the correct definition of 'Economic System'?

The actors who intervene in the economy under certain rules determined by the economic system and economic institutions

The way in which an economic is organised and run (incl. alternative views of how scarce resources are best allocated)

An economic term used to describe a part of the economy whether they are owned and controlled by individuals or private organisations or by the government

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is NOT the correct characteristics of the private sector?

Make their own decisions and how it should be produced

Main objective is public welfare

Main objective is to maximise profit

Not state-owned government

3.

MULTIPLE SELECT QUESTION

30 sec • 5 pts

Which of the following are examples of the state-owned companies in Indonesia?

Xin Zhong

Mandiri

PLN

Hypermart

4.

MULTIPLE SELECT QUESTION

30 sec • 5 pts

Which of the following are the examples of private sector companies?

Pakuwon City

BNI 46

Bank Permata

Pertamina

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

1) buy goods and services; 2) provide labour - which economic agent?

Household

Firms

Government

Central Banks

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

1) provide rules & regulations; 2) Employ factors of production; 3) Demand taxes from other economic agents

Households

Firms

Government

Central Banks

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

1) Produce goods and services; 2) Employ factors of production; 3) the goal is to maximise their profits

Household

Firms

Government

Central Banks

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