MUFY ECONS

What terms best represent economy?

• spending money

• managing resources

• government decision

When people buy products at certain prices, what is the economic term for it?

• demand

• supply

• budget

What is the name of Malaysian central bank?

• Malayan Banking

• Bank Negara Malaysia

• CIMB

• LHDN

What is the name of Australian central bank?

• Federal Reserve

• Bank of Australia

• Reserve Bank of Australia

Which of the following is a 'public good'?

• hospitals

• street lights

• schools

• malls

Which of the following is not a resource?

• worker

• machines

• land

• money

What is not the function of a government?

• use policies to solve economic issues

• provide money to the people

• collect tax and provide subsidies

• spend money for economic development

Can money be printed as much as the government wish?

• Yes

• No

What will increase when economy is not doing well?

• unemployment

• price level

• population

• production

What discourage producers from producing more products?

• higher subsidies

• lower tax

• higher price

• higher worker salaries