How We Organize Ourselves Assessment

Which one is NOT the example of commodities?

• school

• banana

• fish

• cloth

What is the role of economic activity?

• To make our body healthy

• To create some product

• To support people's life and need

• To sell something

These are the examples of product, EXCEPT....

• Stationary

• Cookies

• Bags

• Barber

What do you call for a person who sell product?

• Producer

• Importer

• Seller

• Buyer

What will happen if the demand is high and the product is limited?

• The price will be low

• People look for different product

• The price raised up

True or false

People buy something based on their needs.

• True

• False

What makes traditional market different with modern market?

• Fixed price

• Nice stacks arrangement

• Detail sign and symbol

• Possible to bargain and change the price

Which word is NOT related to economic activity?

• Buyer

• School

• Market

• Money

What will happen if there is too many competitor (sell the same or similar product)?

• customer will choose other product

• The price will be competitive

• No one will buy

• many people loose the job

People use .............. to do buying and selling activity

• product

• consume

• money

• exchange