CHAPTER 1: KINH TẾ HỌC LÀ GÌ?

Economics is the study of?

• How to invest in the stock market.

• How to manage and operate a company effectively.

• How people make decisions when faced with scarcity

• How governments decide which goods and services are produced

Economics is a social science that studies how to

• Manage businesses to make a profit

• Avoid the issue of scarcity for many different and competing uses

• Create luck for individuals in the stock market

• Allocate scarce resources for many different uses

What does microeconomics study?

• The behavior of individuals, businesses, and households in various types of markets.

• The activities that occur throughout the entire economy.

• The behavior of consumers to maximize satisfaction.

• The general price level of a country.

Which of the following belongs to microeconomics?

• The unemployment rate in Vietnam is currently high.

• The inflation rate in 2023 in Vietnam is 4%.

• Economic profit is the driving force attracting new businesses to enter the manufacturing industry.

• Fiscal policy and monetary policy are tools used by the government to regulate the economy.

What is positive statement?

• Describes and explains events and economic issues objectively with a scientific basis

• Provides personal opinions or subjective guidance

• Explains the behavior of economic agents in various types of markets

• No option is correct

Which of the following statements is a normative statement?

• The GDP growth rate in Vietnam in 2023 is 5.05%

• The inflation rate of Vietnam in 2023 is 4%

• The price of 9999 gold increased by 300,000 VND/tael on January 31, 2024

• There must be free pharmacies to serve the elderly and children

Which analytical tool describes the different combinations of two goods that can be produced when resources are used efficiently

• Production Possibility Frontier (PPF)

• Demand Curve

• Indifference Curve

• Gross National Product (GNP)

The price of durian in the market increases by 10%, leading to a 5% decrease in demand under ceteris paribus conditions. This issue pertains to

• Microeconomics, normative

• Macroeconomics, normative

• Microeconomics, positive

• Macroeconomics, positive

Which of the following markets belongs to the factor market?

• Land market

• Labor market

• Capital market

• All of the above are correct

The ability of households to enjoy goods in the economy is determined by?

• Goods market

• Land market

• Market for production factors

• No option is correct