Any point outside the PPC shows ....
Introduction

Quiz
•
Social Studies
•
University
•
Hard
SALAWATI MUHAMMAD
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
efficiency
attainable
scarcity
unemployment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Any point inside the PPC shows .....
efficiency
unattainable point
scarcity
waste of resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Any point on the PPC shows ....
efficiency
unattainable point
scarcity
unemployment
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose 2 characteristics for capitalism economy
Public ownership of resources
Price mechanism of less importance
Consumers' sovereignty
Price system
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose 2 characteristics of socialism economy
Private ownership of resources
Central Planning Authority
Price mechanism of less importance
Competition
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a merit/advantage for capitalism economy.
Production according to the needs of consumers
Efficient utilization of resources
Greater variety of consumer goods
No serious unemployment or recession/inflation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a merit/advantage of socialism economy?
Production according to basic needs
Automatic incentives
Equitable distribution of income and wealth
Social welfare
8.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose 3 demerits/disadvantages of capitalism economy.
Lack of incentives and initiative by individuals
Lack of social welfare
Social cost
Inflation and high unemployment rate
9.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose 3 demerits/disadvantages of socialism economy
Loss of economic freedom and consumer sovereignty
Absence of competition
Inequality of distribution of wealth and income
Waste of economic resources
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